Homework Answers
| June 1 | Establishment of Petty Cash | ||
| Petty Cash | 1,000 | ||
| Cash | 1,000 | ||
| June 30 | Replenishment of Petty Cash | ||
| Miscellaneous expenses | 650 | ||
| Cash Short/Over | 25 | ||
| Cash | 675 |
Alternate answer:
| June 1 | Establishment of Petty Cash | ||
| Petty Cash | 1,000 | ||
| Cash | 1,000 | ||
| June 30 | Replenishment of Petty Cash | ||
| Miscellaneous expenses | 650 | ||
| Cash Short/Over | 25 | ||
| Petty Cash | 675 | ||
| Petty Cash | 675 | ||
| Cash | 675 |
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Instructions On June 1, Snow Company established a petty cash fund of $1,000 to pay for...
petty cash fund entries Petty cash fund entries Instructions Chart of Accounts Journal Instructions Joumalize the...
petty cash fund entries
Petty cash fund entries Instructions Chart of Accounts Journal Instructions Joumalize the entries to record the following refer to the Chart of Accounts for exact wording of account titles): Instructions A On March 1. Check is issued to establish a petty cash fund of $1,125. 3. On April the amount of cash in the polly cash fund is now $122. Checklis issued to replenish the fund, based on the following summary of petty cash receipts office...
Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1. Established a petty cash...
Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1. Established a petty cash fund of $750. 12. The cash sales for the day, according to the cash register records, totaled $11,494. The actual cash received from cash sales was $11,519. 31. Petty cash on hand was $157. Replenished the petty cash fund for the following disbursements, each evidenced by a petty cash receipt: Jan. 3. Store supplies, $398. 7. Express charges on merchandise sold, $32 (Delivery Expense)....
On June 1, a company established a $75 petty cash fund. On June 27, the petty...
On June 1, a company established a $75 petty cash fund. On June 27, the petty cash fund contains $5.25 in cash and the following paid petty cash receipts: postage, $19.50; office supplies, $36.25; and miscellaneous expense $14.00. Give the general journal entry to reimburse the fund on June 27. When a company purchases an insurance policy against losses from theft by an employee, that employee is ________. During the month of March, Harley's Computer Services made purchases on account...
Sadie Equestrian Services established a petty cash fund in the amount of $500 on June 1. 2013. On lune 30, a rev...
Sadie Equestrian Services established a petty cash fund in the amount of $500 on June 1. 2013. On lune 30, a review of the petty cash vouchers showed disbursements for the following: Stamps $50 Cab Fare for Ms. Sadie to attend meeting downtown $26 Dinner for employees working overtime $172 Messenger Costs for delivering legal documents $49 Advance to salesperson for attending networking event $40 Purchase of emergency office supplies $53. The Petty cash fund had a remaining cash balance...
8-29 The Huron Company keeps a petty cash fund of $80. On June 30 the fund...
8-29 The Huron Company keeps a petty cash fund of $80. On June 30 the fund contained cash of $36.87 and the following petty cash receipts: Office supplies Postage $10.00 27.48 Miscellaneous 5.65 Required: (I) If the company's fiscal year ends June 30, should the petty cash fund be replenished on June 30? Why? (2) How much cash is needed to replenish the petty cash fund? (3) Prepare entries in the company's accounts to record the petty cash pay- ments
On April 2, Granger Sales decides to establish a $380 petty cash fund to relieve the burden on Accounting. Required:...
On April 2, Granger Sales decides to establish a $380 petty cash fund to relieve the burden on Accounting. Required: (a) Journalize the establishment of the fund. (b) On April 10, the petty cash fund has receipts for mail and postage of $64, contributions and donations of $36, meals and entertainment of $92 and $186 in the ending cash balance. Journalize the replenishment of the fund (c) On April 11, Granger Sales decides to increase petty cash to $520. Journalize...
On April 2, Granger Sales decides to establish a $380 petty cash fund to relieve the burden on Accounting. Required:...
On April 2, Granger Sales decides to establish a $380 petty cash
fund to relieve the burden on Accounting.
Required:
(a)
Journalize the establishment of the fund.*
(b)
On April 10, the petty cash fund has receipts for mail and
postage of $64, contributions and donations of $36, meals and
entertainment of $92, and $186 in the ending cash balance.
Journalize the replenishment of the fund.*
(c)
On April 11, Granger Sales decides to increase petty cash to
$520. Journalize...
The following transactions relate to the petty cash fund of Jarvis Wrecking Company: Apr. 1 19 The petty cash fund i...
The following transactions relate to the petty cash fund of Jarvis Wrecking Company: Apr. 1 19 The petty cash fund is set up with a $350 cash balance. Because the money in the fund is down to $70.20, the fund is replenished. Petty cash vouchers are as follows: Flowers for hospitalized employee (miscellaneous expense) $ 84.38 Postage stamps 135.00 Office supplies 46.71 The cash in the fund is $193.07. The fund is replenished to include petty cash payments in this...
Nicholas Company Adjusted Trial Balance May 31, 2016 Account Names Cash Petty Cash Fund Accounts ...
Hello, can someone do this Income Statement for me?
Nicholas Company Adjusted Trial Balance May 31, 2016 Account Names Cash Petty Cash Fund Accounts Receivable Merchandise Inventory, 5/1/16 Store Supplies Office Supplies Prepaid Insurance Deblt Credit $337,100 5,000 24,200 57,500 11,700 3,500 37,000 32,800 Forklift Forklift $800 Delivery Truck Accumulated Accounts Payable Salaries Payable Unearned Sales Revenue Notes Payable (Long-Term) Nicholas Ram, Capital Nicholas Ram, Drawings Sales Revenue Sales Discounts 157,000 1,500 62,600 1,800 122,900 401,750 4,500 259,600 624 Assignment...
Journalize the entries to record the following (refer to the Chart of Accounts for exact wording...
Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1, Check is issued to establish a petty cash fund of $1,035. B. On April 1, the amount of cash in the petty cash fund is now $100. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $529; miscellaneous selling expense, $210; miscellaneous administrative expense, $163. (Because the...
petty cash fund entries
Petty cash fund entries Instructions Chart of Accounts Journal Instructions Joumalize the entries to record the following refer to the Chart of Accounts for exact wording of account titles): Instructions A On March 1. Check is issued to establish a petty cash fund of $1,125. 3. On April the amount of cash in the polly cash fund is now $122. Checklis issued to replenish the fund, based on the following summary of petty cash receipts office...
Sadie Equestrian Services established a petty cash fund in the amount of $500 on June 1. 2013. On lune 30, a review of the petty cash vouchers showed disbursements for the following: Stamps $50 Cab Fare for Ms. Sadie to attend meeting downtown $26 Dinner for employees working overtime $172 Messenger Costs for delivering legal documents $49 Advance to salesperson for attending networking event $40 Purchase of emergency office supplies $53. The Petty cash fund had a remaining cash balance...
8-29 The Huron Company keeps a petty cash fund of $80. On June 30 the fund contained cash of $36.87 and the following petty cash receipts: Office supplies Postage $10.00 27.48 Miscellaneous 5.65 Required: (I) If the company's fiscal year ends June 30, should the petty cash fund be replenished on June 30? Why? (2) How much cash is needed to replenish the petty cash fund? (3) Prepare entries in the company's accounts to record the petty cash pay- ments
On April 2, Granger Sales decides to establish a $380 petty cash fund to relieve the burden on Accounting. Required: (a) Journalize the establishment of the fund. (b) On April 10, the petty cash fund has receipts for mail and postage of $64, contributions and donations of $36, meals and entertainment of $92 and $186 in the ending cash balance. Journalize the replenishment of the fund (c) On April 11, Granger Sales decides to increase petty cash to $520. Journalize...
On April 2, Granger Sales decides to establish a $380 petty cash
fund to relieve the burden on Accounting.
Required:
(a)
Journalize the establishment of the fund.*
(b)
On April 10, the petty cash fund has receipts for mail and
postage of $64, contributions and donations of $36, meals and
entertainment of $92, and $186 in the ending cash balance.
Journalize the replenishment of the fund.*
(c)
On April 11, Granger Sales decides to increase petty cash to
$520. Journalize...
The following transactions relate to the petty cash fund of Jarvis Wrecking Company: Apr. 1 19 The petty cash fund is set up with a $350 cash balance. Because the money in the fund is down to $70.20, the fund is replenished. Petty cash vouchers are as follows: Flowers for hospitalized employee (miscellaneous expense) $ 84.38 Postage stamps 135.00 Office supplies 46.71 The cash in the fund is $193.07. The fund is replenished to include petty cash payments in this...
Hello, can someone do this Income Statement for me?
Nicholas Company Adjusted Trial Balance May 31, 2016 Account Names Cash Petty Cash Fund Accounts Receivable Merchandise Inventory, 5/1/16 Store Supplies Office Supplies Prepaid Insurance Deblt Credit $337,100 5,000 24,200 57,500 11,700 3,500 37,000 32,800 Forklift Forklift $800 Delivery Truck Accumulated Accounts Payable Salaries Payable Unearned Sales Revenue Notes Payable (Long-Term) Nicholas Ram, Capital Nicholas Ram, Drawings Sales Revenue Sales Discounts 157,000 1,500 62,600 1,800 122,900 401,750 4,500 259,600 624 Assignment...
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