Record the following petty cash transactions of Cheap Paper, Corp., in the journal; explanations are not required.
Question:
Sep 1 Established a petty cash fund with a $225 balance.
30 The petty cash fund had $37 in cash and $182 in petty cash tickets that were issued to pay for office supplies ($112) and entertainment expense ($70). Replenished the fund.
30 Increased the petty cash fund balance to $295.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
Journal DATE ACCOUNTS POST REF Dr C...View the full answer
Answered By
Vaibhav Bhatt
I am a law graduate having keen interest in IPR and Constitutional law. I hold one year experience of working as a subject matter expert in business laws at Evelyn Learning Systems. During my employment with the company, I created engaging and original content for the US law textbooks. I also helped the students of Australia, Canada, Malaysia, and the US in solving their academic queries.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
Record the following petty cash transactions of Lexite Laminated Surfaces in general journal form (explanations are not required): Apr. 1 Established a petty cash fund with a $200 balance. 30 The...
-
Record the following petty cash transactions of Handy Andys in the journal; explanations are not required. Nov 1 Established a petty cash fund with a $110 balance. 30 The petty cash fund had $28 in...
-
Record the following petty cash transactions of Handy Dan in the journal; explanations are not required. Nov 1 Established a petty cash fund with a $100 balance. 30 The petty cash fund had $33 in...
-
Which of the following accounts does not have a normal credit balance? Service Revenue Sales Discounts Unearned Service Revenue Sales Revenue
-
Use integration by partial fractions to compute the following indefinite integrals. dx x(2 +3x)
-
Acid precipitation is caused by the release of molecules, such as sulfur dioxide and nitrogen oxide, into the atmosphere, where they chemically react with oxygen and water. The products of these...
-
Explain the difference between consent and informed consent.
-
Explain how each of the following transactions should be reported by a nongovernment not-for-profit organization: a. Received a pledge for unrestricted contributions to be received in the next fiscal...
-
3. (8 Points) Seven women and nine men are on the faculty in the mathematics department at a school. a. How many ways are there to select a committee of five members of the department if at least one...
-
H.T. Tan Company is preparing the annual financial statements dated December 31 of the current year. Ending inventory information about the five major items stocked for regular sale follows: ENDING...
-
Refer to the preceding Small Business Analysis case. Prepare an e-mail to the owner of Burns & Associates, Inc., explaining the situation with the returned check and the charge that the bank applied...
-
Loris Music School created a $200 petty cash fund on May 1. During the month, the fund custodian authorized and signed petty cash tickets as follows: Requirements 1. Record the journal entry to...
-
A 0.005-g sample of a rock is to be analyzed, and iron is to be determined at the ppm level. Determine the type of analysis and type of constituent.
-
A car rents for $240 per week plus $0.50 per mile. Find the rental cost for a two-week trip of 500 miles for a group of three people.
-
Goodyear is thinking of divesting one of the plants. The plant will generate free cash flows (FCF) of $3.8 million at the end of the first year and the cash flows will grow at 3% (assume this growth...
-
What is the complexity of the following tasks? 1) Finding the largest two elements in a queue of size n+3 using Nave search. 2) Remove the first item at the bottom of a stack data-structure of size...
-
A business sets up a sinking fund so they will have a $50,000.00 to pay for a replacement piece of equipment in 10 years when the current equipment will be sold for scrap. If they make deposits at...
-
Prepare journal entries to record the following transactions. Saved a. Purchased $390 of supplies on credit. b. Completed $590 of work for a client on credit. c. Paid $390 cash towards the amount...
-
Round each number to three significant digits and express the answer in scientific notation: (a) 0.592861 (b) 438932 (c) 0.000073978 (d) 0.235469 (e) 82.550 (f) 529.8
-
What are the six activities involved in the physical supply/distribution system?
-
The following is an extract taken from the statement of financial position of Gerken Ltd as at 31 December 2006: On 31 December 2007, new equipment, costing 40,000, was purchased. The purchase price...
-
Otto?s Auto Sales asked for your help in comparing the company?s profit performance and financial position with the average for the auto sales industry. The owner has given you the company?s income...
-
Financial statement data of Helgeson Enterprises, Inc., include the following items: Requirements 1. Compute Helgeson Enterprises? current ratio, debt ratio, and earnings per share. Assume that the...
-
Comparative financial statement data of Lodgepole Furniture Company follow: Other information follows: a. Market price of a share of common stock was $50.00 at December 31, 2018, and $33.00 at...
-
a) Solve cos x = 2xy and cos xy = 2x to 5 decimal places with an initial guess of x0 = 0.5 and yo= 0.5 using proper method. (90 Point) ATTENTION: Please add a comment line to each line of code...
-
Write a program that will asks the user to input 15 students test score then store them in an array named "Score" your program should accomplish the followings: 1. Calculate and display the average....
-
4. What is clock synchronization? Synchronize the network given below when the server. advances 10 second using Berkeley algorithm. Server 2:35 2:00 2:20 1:55 Client 1 Client 2 Client 3
Study smarter with the SolutionInn App