Janson, Corp., maintains a petty cash fund of $225. On July 31, the fund holds $14 cash
Question:
Janson, Corp., maintains a petty cash fund of $225. On July 31, the fund holds $14 cash and petty cash tickets for office supplies, $172, and delivery expense, $32.
Requirements
1. Make the journal entry to replenish the petty cash fund.
2. Janson, Corp., decided to increase the petty cash fund by $25. Prepare the journal entry?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 81% (11 reviews)
Journal DATE ACCOUNTS POST REF Dr Cr July 3...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 Managerial Accounting questions
-
Juniper, Corp., maintains a petty cash fund of $215. On July 31, the fund holds $6 cash, and petty cash tickets for office supplies, $177, and delivery expense, $25. Requirements 1. Make the journal...
-
Elm Street Motors maintains a petty cash fund of $200. On December 31, the fund holds $12 cash, petty cash tickets for office supplies, $121, and delivery expense, $55. Requirements 1. Make the...
-
Winningham Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period. July 1 Established petty cash fund by writing a check on Cubs Bank...
-
The OrbitTrack Company specializes in developing and selling a wide range of high-quality scooters. Sales representatives report that there is a growing demand for racing scooters. OrbitTrack's...
-
(a) Set up the model for the (un-damped) system in Fig. 80(b) Solve the system of ODEs obtained.(c) Describe the influence of initial conditions on the possible kind ofmotions. (y = 0). (3=0)...
-
When you added up the value of these clothing inventory items they came to a grand total $ 5 7 5 in estimated fair value as of 9 / 1 / 2 0 2 3 . You originally paid $ 1 , 9 7 6 for these items. You...
-
Discuss the advantages and disadvantages of marketing fashion items online rather than through traditional retail stores.
-
Organic Life Co. is an HMO for businesses in the Portland area. The following account balances appear on the balance sheet of Organic Life Co: Common stock (250,000 shares authorized), $125 par,...
-
Zaher Khan Ltd is a pharmaceutical company that has a limited amount of capital to invest into the development of a new sports supplement. The marketing team has done extensive market research and...
-
If X1 ~ N( , ) and X2 ~ N ( , ) are iid normal random variables, then whats the difference between 2X1 and X1 + X2? They both have normal distributions.
-
Record the following petty cash transactions of Apex, Inc., in the journal; explanations are not required. Sep 1 Established a petty cash fund with a $250 balance 30 The petty cash fund had $56 in...
-
Lynn's Music School created a $250 petty cash fund on August 1. During the month, the fund custodian authorized and signed petty cash tickets as follows: Requirements 1. Record the journal entry to...
-
Assume the same information as in BE17-13 except that the 10% bonds are convertible into 10,000 common shares. Calculate Thiessen's 2014 diluted earnings per share. Data From BE17-13 Thiessen...
-
Draw a stem-and-leaf plot for each data set in Problems 28-31. Data set A Data set A: The annual wages of employees at a small accounting firm are given in thousands of dollars. 35 25 25 16 14 1 2 2...
-
Assets classified as property, plant, and equipment are equal to a. $736,000. b. $391,000. c. $563,500. d. $437,000. Cash at bank Prepaid insurance Accounts receivable Inventory Investment land Land...
-
How can we distinguish normal from abnormal behavior?
-
The adjusting entry for accrued expenses should a. debit the expenses account and credit the asset account. b. debit the expenses account and credit the liability account. c. debit the asset account...
-
Roll a pair of dice 20 times and record the frequency of each outcome. Find the mean, the median, the mode, and the range of the number of tosses.
-
Exercise 2.134 examined the relationship between region of the country and level of physical activity of the population of US states. From the USStates dataset, examine a different relationship...
-
The following information is available for Partin Company: Sales $598,000 Sales Returns and Allowances 20,000 Cost of Goods Sold 398,000 Selling Expense 69,000 Administrative Expense 25,000 Interest...
-
Appleway Supply had the following balances as of December 31, 2018: Total Current Assets........................................................................................$ 122,000 Total...
-
At December 31, 2018, Christianson Cabinets owes $5,700 on accounts payable, plus salaries payable of $3,200 and income tax payable of $7,000. Christianson Cabinets also has $280,000 of notes payable...
-
Seattle Physicians Group borrowed $300,000 on July 1, 2018, by issuing a 6 percent long-term note payable that must be paid in three equal annual installments, plus interest, each July 1 for the next...
-
JK Company, located in Indonesia, specializes in producing sets of wooden patio furniture consisting of a table and four chairs. The company is currently operating at 80% of its full capacity of...
-
Consider the following data for two products of Vigano Manufacturing. Activity Machine setup Parts handling Quality inspections Total budgeted overhead Unit Information Budgeted Cost Activity Driver...
-
Price and efficiency variances, benchmarking and ethics. Sunto Scientific manufactures GPS devices for a chain of retail stores. Its most popular model, the Magellan XS , is assembled in a dedicated...
Study smarter with the SolutionInn App