During October, Hair Styles Pty Ltd experiences the following transactions in establishing a petty cash fund. Required
Question:
During October, Hair Styles Pty Ltd experiences the following transactions in establishing a petty cash fund.
Required Journalise the entries in October that pertain to the petty cash fund.
Transcribed Image Text:
Oct. 1 31 A petty cash fund is established by withdrawing $130 from the bank account. A count of the petty cash fund disclosed the following items: Currency (notes) Coins Expenditure receipts (vouchers): Office supplies Telephone and fax Postage Freight-out The fund is reimbursed and increased to $260. $ 7.80 0.50 36.50 21.30 53.70 8.80
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Lamya S
Highly creative, resourceful and dedicated High School Teacher with a good fluency in English (IELTS- 7.5 band scorer) and an excellent record of successful classroom presentations.
I have more than 2 years experience in tutoring students especially by using my note making strategies.
Especially adept at teaching methods of business functions and management through a positive, and flexible teaching style with the willingness to work beyond the call of duty.
Committed to ongoing professional development and spreading the knowledge within myself to the blooming ones to make them fly with a colorful wing of future.
I do always believe that more than being a teacher who teaches students subjects,...i rather want to be a teacher who wants to teach students how to love learning..
Subjects i handle :
Business studies
Management studies
Operations Management
Organisational Behaviour
Change Management
Research Methodology
Strategy Management
Economics
Human Resource Management
Performance Management
Training
International Business
Business Ethics
Business Communication
Things you can expect from me :
- A clear cut answer
- A detailed conceptual way of explanation
- Simplified answer form of complex topics
- Diagrams and examples filled answers
4.90+
46+ Reviews
54+ Question Solved
Related Book For
Accounting
ISBN: 9780730382737
11th Edition
Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie
Question Posted:
Students also viewed these Business questions
-
During October, Hair Styles Pty Ltd experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a cheque for $130 issued to the petty cash...
-
During October, Wichita Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a check for $150 issued to the petty cash...
-
During October, Eastern Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a check for $100 issued to the petty cash...
-
Water flows in a partially full 2-m-diameter circular pipe an average velocity of 2 m/s. If the water depth in the pipe is 0.5 m, determine the flow area, the wetted perimeter, the hydraulic radius,...
-
Mike purchases a heavy-duty truck (5-year class recovery property) for his delivery service on April 30, 2012. The truck is not considered a passenger automobile for purposes of the listed property...
-
4. The data below illustrate the changes in populations of three animals on an island off the coast of California. Of the three animals, only foxes were native to the island. The fox population was...
-
The data set represents the numbers of minutes a sample of 27 people exercise each week. (a) Construct a frequency distribution for the data set using five classes. Include class limits, midpoints,...
-
During 2012, the Smiths and the Joneses both filed joint tax returns. For the tax year ended December 31, 2012, the Smiths taxable income was $130,000, and the Joneses had total taxable income of...
-
The construction of a new coal mine will cost Yamada Co. Ltd. $430,000, with the expenditure occurring the next year. The investment will bring about cash flows of $200,000 annually over the...
-
Hannahs Handbags Pty Ltd is preparing a budget for the quarter ended 30 June 2025. Hannah estimates that approximately 70% of the handbag sales will be for cash and the rest will be on credit. Of the...
-
Top Value Consulting collected its latest bank statement on 1 July 2025. All entries appearing in the bank statement that had not been entered into the cash journals were entered therein. The cash...
-
An airplane is traveling at a constant horizontal speed v, at an altitude h above a lake, when a trapdoor at the bottom of the airplane opens and a package is released (falls) from the plane. The...
-
Which is NOT one of the three main political and cultural trends in the Arab world? A. Pan-Arabism B. Islam C. Sharia D. Nationalism
-
What role do critical theories, such as critical race theory, feminist theory, and queer theory, play in deconstructing dominant discourses, challenging power structures, and advocating for social...
-
1. The rate of heat flow through a 25-cm wall composed of ordinary brick (k = 0.69 -) is 237,000 the wall is 51C. W m.K J m.hr The outer face temperature of To be done: I a) Sketch a diagram of the...
-
Martinez Company's relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost Per Unit Direct...
-
Ask if your family has a diamond. Can you piece together its biogra- phy, its social life? Was it a purchase or a gift? What stories are asso- ciated with it, and what does it mean to its owner? Do...
-
How much bandwidth is there in 0.1 micron of spectrum at a wavelength of 1 micron?
-
How much more interest will be earned if $5000 is invested for 6 years at 7% compounded continuously, instead of at 7% compounded quarterly?
-
Based on Intel Corporations annual report, how many offices in how many countries does in it operate in? How many employees do they have worldwide including its corporate office and company owned...
-
A car dealer offers you a car loan with payments of 6,000, semi-annually, for 3 years. If the posted APR on the loan is 3%, what is the cost of the car? Enter your response (rounded to 2 decimal...
-
Portfolio (assume annual payments for each bond and mortgage) Maturity Type Annual Coupon/ Mortgage Rate Face Value of Holdings Par Value for each Bond 1 Treasury 0 100,000 100 5 Treasury 4% 100,000...
Study smarter with the SolutionInn App