Question: Petty cash was originally established for 25 During the month
Petty cash was originally established for $25. During the month, $4 was paid out for stamps and $5 for floor wax. During replenishment, the custodian discovered that the balance in petty cash was $8. Record, using a general journal entry, the replenishment of petty cash back to $25.
Relevant QuestionsClassify each of the following items as an Asset (A), Liability (L), or part of Owner’s Equity (OE).a. Computer Tablet _____b. Accounts Payable _____c. Accounts Receivable _____d. Cash _____e. A. Jones, ...From the following account balances, prepare in proper form for September(a) An income statement, (b) A statement of owner’s equity, (c) A balance sheet for FrechetteRealty.In Exercise 5, if the custodian decided to raise the level of petty cash to $35, what would be the journal entry to replenish? (Use a general journal entry.)In Exercise 5, Petty cash was originally established for $25. ...At the end of the day the clerk for Bill’s Variety Shop noticed an error in the amount of cash he should have. Total cash sales from the sales tape were $1,190, whereas the total cash in the register was $1,149. Bill keeps ...From the following bank statement, please (1) Complete the bank reconciliation for Jimmy’s Deli found on the reverse of the following bank statement (2) Journalize the appropriate entries as needed.a. A deposit of $1,600 ...
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