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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:...
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...
34. On April 3, Snappy Sales decides to establish a $135 petty cash fund to relieve...
34. On April 3, Snappy Sales decides to establish a $135 petty cash fund to relieve the burden on Accounting. a) Journalize the establishment of the fund b) On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of $25.25, meals and entertainment of $68.00, and $9.75 in cash. Journalize the replenishment of the fund ) On April 12, Snappy Sales decides to increase petty cash to $175. Journalize this transaction.
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)....
*E7.22 (LO 6) (Petty Cash) Carolyn Keene, Inc. decided to establish a petty cash fund to...
*E7.22 (LO 6) (Petty Cash) Carolyn Keene, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $200. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $60.00 Supplies purchased...
Sheffield, Inc. decided to establish a petty cash fund to help ensure internal control over its...
Sheffield, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $248. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $72 Supplies purchased and used Postage expense I.O.U. from...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the replenishment of the petty cash fund on November 30th? Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00...
*E7.22B (L0 6)(Petty Cash) Velez, Inc. decided to establish a petty cash fund to help ensure...
*E7.22B (L0 6)(Petty Cash) Velez, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April: 1 On April 1, it established a petty cash fund in the amount of $1,000. 2 A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $300.00 Supplies purchased and used...
On March 1, the actual cash received from cash sales was $37,650, and the amount indicated...
On March 1, the actual cash received from cash sales was $37,650, and the amount indicated by the cash register total was $37,653. Journalize the entry to record the cash receipts and cash sales. Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS General Ledger ASSETS 110 Cash 111 Petty Cash 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable 141 Merchandise Inventory 145 Office Supplies 146 Store Supplies 151 Prepaid Insurance 181 Land...
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During...
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: Petty Cash Ticket No. Item Account Debited Amount $ 20 10 25 40 70 1 Delivery of programs to customers Delivery Expense 2 Mail package Postage Expense Printing Expense Miscellaneous Expense Office Supplies Newsletter 4 Key to closet 5 Copier paper Requirements 1. Make the general journal entry to create the...
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...
34. On April 3, Snappy Sales decides to establish a $135 petty cash fund to relieve the burden on Accounting. a) Journalize the establishment of the fund b) On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of $25.25, meals and entertainment of $68.00, and $9.75 in cash. Journalize the replenishment of the fund ) On April 12, Snappy Sales decides to increase petty cash to $175. Journalize this transaction.
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...
Sheffield, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $248. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased $72 Supplies purchased and used Postage expense I.O.U. from...
A petty cash fund was established for $250 dollars on November 1st. On November 30th, the petty cash box had $8.75 remaining and had the following receipts: • Postage $98 Office Supplies used during the month $110 • Pizza for employees working overtime $35 What journal entry would the company make to record the replenishment of the petty cash fund on November 30th? Date Account Title Debit Credit Nov. 30 Postage Expense 98.00 Office Supplies Expense 110.00 Meals Expense 35.00...
E8-17 Accounting for petty cash Jackie's Dance Studio created a $220 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: Petty Cash Ticket No. Item Account Debited Amount $ 20 10 25 40 70 1 Delivery of programs to customers Delivery Expense 2 Mail package Postage Expense Printing Expense Miscellaneous Expense Office Supplies Newsletter 4 Key to closet 5 Copier paper Requirements 1. Make the general journal entry to create the...
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