Based on the following petty cash information, prepare (a) The journal entry to establish a petty cash
Question:
(a) The journal entry to establish a petty cash fund,
(b) The journal entry to replenish the petty cash fund.
On January 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cashdrawer:
Transcribed Image Text:
Voucher No. Account Debited Telephone Expensc Automobile Expense James Lucas, Drawing Postage Charitable Contributions Expense Miscellancous Expense Amount $21.20 39.60 85.00 15.30 20.00 47.00 2 Expense
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
GENERAL JOURNAL PAGE date description POST ref debit credit 20 Jan 1 ...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Based on the following petty cash information, prepare (a) The journal entry to establish a petty cash fund, and (b) The journal entry to replenish the petty cash fund. On January 1, 20--, a check...
-
From the following information, prepare a general journal entry to record the employee benefits expense for Jones Company for the weekly payroll of July 9: Deductions CPP Employee Troy Ness Jay Young...
-
From the following information, prepare a general journal entry to record the employee benefits expense of Windsor Company for the monthly payroll for April: Deductions CPP 109 Employee Total Salary...
-
Dominic and Magalie have been married for five years and have thes children, aged four, seven and nine. Dominic and Magale are diverong and Magalie has been ordered to pay child support, until the...
-
In triangle ABC, angle B is twice as large as angle A. Angle C measures 20o more than angle A. Find the measures of the angles.
-
The worksheet Mower Test in the Excel file Quality Measurements shows the results of testing 30 samples of 100 lawn mowers prior to shipping. Find the proportion of units that failed the test for...
-
RH understands that a consumption decision can be influenced by the way a product looks but also by how customers might use the product. This perspective is known as __________. a. touchpoint...
-
Raleigh Department Store converted from the conventional retail method to the LIFO retail method on January 1, 2009, and is now considering converting to the dollar-value LIFO retail inventory...
-
Pick a product and expand upon each of the factors that get attention by providing an example (using the same product throughout your discussion). Also answer the question, "As a marketer, do you...
-
The Growall Fertilizer Company produces three types of fertilizerSupergro, Dynaplant, and Soilsaver. The company has the capacity to produce a maximum of 2,000 tons of fertilizer in a week. It costs...
-
Based on the following bank reconciliation, prepare the journalentries: armen Lul Assodates BankPecondliaton rkstatent balane, y Add deposnts in tanst 3 0 0 00 118 00 41 800 Dedact cutsanding hecks...
-
The book balance in the checking account of Johnson Enterprises as of October 31 is $5,718. The bank statement shows an ending balance of $5,217. The following information is discovered by (1)...
-
1. What are some of the challenges that MNCs face as far as intellectual properties are concerned? 2. What are some of the environmental challenges MNCs face? 3. How information technology can assist...
-
What are the next steps you should follow once you identify the hazards and rate risk levels?
-
Average Stock of Raw Material, WIP, Credit Allowed to debtors, Credit allowed by creditors lag in payment of wages, overheads and Avg finished goods is 1 month 25% of sales are cash sales You may...
-
your 1. (Multiple IRRs) You would like to open an investment company named Rip'em. The cost of building up the company is $750,000. You offer clients the following deal: For five annual deposits of...
-
Consider the following column: 0.5Q EI, L 4 B EI, L A The column has a length 2L and is clamped in point A and simply supported in point B. The bending stiffness is El. The column is loaded by a...
-
W hat charge exists that on a test charge that experience a force of 1 . 4 x 1 0 - 8 N at a point where the electric field intensity strength is 5 . 0 x 1 0 - 4 N / C .
-
What is the vapor-compression refrigeration cycle?
-
1. Below is depicted a graph G constructed by joining two opposite vertices of C12. Some authors call this a "theta graph" because it resembles the Greek letter 0. a. What is the total degree of this...
-
Suppose a firm has the following information: Sales = $10 million; costs of goods sold (excluding depreciation) = $5 million; depreciation = $1.4 million; other operating expenses = $2 million;...
-
What is imputed interest? In what situations is it necessary to impute an interest rate for notes receivable? What are the considerations in imputing an appropriate interest rate?
-
Indicate three reasons why a company might sell its receivables to another company.
-
Indicate three reasons why a company might sell its receivables to another company.
-
Ralph makes ( 21)/(2) batches of oatmeal cookies. Each batch makes 24 cookies. Ralph gives away ( 1)/(4) of his cookies to his class at school and ( 2)/(5) of his remaining cookies to his bus driver....
-
Create a RESTful API using Node.js and Express that performs CRUD operations on a collection of books stored in memory.
-
Find a minimum spanning tree for the weighted graph using Kruskal's algorithm. B 18 C 23 A 16 S (5 22 20 19 24 23 E D
Study smarter with the SolutionInn App