Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30. DATE TRANSACTIONS June 1 Issued Check 550 for $300 to establish a petty cash fund. Paid $38 from the petty cash fund for office supplies, Petty Cash Voucher 1. Paid $39 from the petty cash fund for postage stamps, Petty Cash Voucher 2. 15 Paid $26 from the petty cash fund for delivery service, Petty Cash Voucher 3. 22 Paid $48 from the petty cash fund to the owner, Rosa Calderon, for her personal use, Petty Cash Voucher 4. 25 Paid $38 from the petty cash fund to have the store windows washed, Petty Cash Voucher 5. 29 Paid $55 from the petty cash fund for delivery service, Petty Cash Voucher 6. 3e Issued Check 590 for $244 to replenish the petty cash fund. Required: 1. Record the transaction to establish the petty cash fund on June 1 in a general journal, 2. Record all transactions on a petty cash analysis sheet. 3. Record the transaction to replenish the petty cash fund on June 30 in the general journal. Annlvze: < Prev 3 of 5 Next > Stock-873507500pg Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. Petty Cash Analysis June 01 Entry June 30 Entry Analyze Record the transaction to establish the petty cash fund on June 1 in a general journal. View transaction list Journal entry worksheet 1. Issued Check 550 for $300 to establish a petty cash fund. B.. < Prev 3 of 5 Next > Stock-873507500.jpg Journal entry worksheet Issued Check 550 for $300 to establish a petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Jun 01, 2019 Record entry Clear entry View general journat Prev 3 of 5 Next > iStock-873507500jpg Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. Petty Cash Analysis June 01 Entry June 30 Entry Analyze Record all transactions on a petty cash analysis sheet. (Input all amounts as positive values.) PETTY CASH ANALY SIS SHEET Distribution Of Payments Voucher No. Receipts Payments Supplies Debit Date Description Delivery Misc. Other Accounts Debit Expense Expense Debit Debit Account Title Amount Jun 01, 2019 Establish fund Office supplies Jun 05, 2019 Jun 08. 2019 1. 2. Postage stamos < Prev 3 of 5 Next > Stock-873507500jpg PETIY CASH ANALYSIS SHET 11esribution O yments Moucher No. Date Receipts Payments Supplies Debit Description Delivery Misc Other Accounts Debit Expenise Expense Debit Debit Account Thle Amont Jun 01, 2019 Establish fund Jun 05, 2019 Office supplies Postage stamps Delivery service Jun 08, 2019 2 Jun 15, 2019 3. Jun 22, 2019 4. Personal withdrawal Jun 25, 2019 Store windows washed Jun 29, 2019 6 Delivery service Jun 30, 2019 Totals Jun 30, 2019 Balance on hand Balance on hand Jun 30, 2019 Jun 30, 2019 Replenish fund < Prev 3 of 5 Next > IStock-873507500.jpg Jun 30, 2019 Balance on hand Jun 30, 2019 Replenish fund Jun 30, 2019 Carried forward < June 01 Entry June 30 Entry > < Prev 3 of 5 Next > iStock-873507500.jpg Issued Check 590 for $244 to replenish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2019 Record entry Clear entry View general journal Prev 3 of 5 Next > Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. Petty Cash Analysis June 01 Entry June 30 Entry Analyze What were the total payments from the petty cash fund in June? Total payments < June 30 Entry Analyze < Prev 3 of 5 Next> Florence's Florals, a retail business, started a $300 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30. DATE TRANSACTIONS June 1 Issued Check 550 for $300 to establish a petty cash fund. Paid $38 from the petty cash fund for office supplies, Petty Cash Voucher 1. Paid $39 from the petty cash fund for postage stamps, Petty Cash Voucher 2. 15 Paid $26 from the petty cash fund for delivery service, Petty Cash Voucher 3. 22 Paid $48 from the petty cash fund to the owner, Rosa Calderon, for her personal use, Petty Cash Voucher 4. 25 Paid $38 from the petty cash fund to have the store windows washed, Petty Cash Voucher 5. 29 Paid $55 from the petty cash fund for delivery service, Petty Cash Voucher 6. 3e Issued Check 590 for $244 to replenish the petty cash fund. Required: 1. Record the transaction to establish the petty cash fund on June 1 in a general journal, 2. Record all transactions on a petty cash analysis sheet. 3. Record the transaction to replenish the petty cash fund on June 30 in the general journal. Annlvze: < Prev 3 of 5 Next > Stock-873507500pg Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. Petty Cash Analysis June 01 Entry June 30 Entry Analyze Record the transaction to establish the petty cash fund on June 1 in a general journal. View transaction list Journal entry worksheet 1. Issued Check 550 for $300 to establish a petty cash fund. B.. < Prev 3 of 5 Next > Stock-873507500.jpg Journal entry worksheet Issued Check 550 for $300 to establish a petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Jun 01, 2019 Record entry Clear entry View general journat Prev 3 of 5 Next > iStock-873507500jpg Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. Petty Cash Analysis June 01 Entry June 30 Entry Analyze Record all transactions on a petty cash analysis sheet. (Input all amounts as positive values.) PETTY CASH ANALY SIS SHEET Distribution Of Payments Voucher No. Receipts Payments Supplies Debit Date Description Delivery Misc. Other Accounts Debit Expense Expense Debit Debit Account Title Amount Jun 01, 2019 Establish fund Office supplies Jun 05, 2019 Jun 08. 2019 1. 2. Postage stamos < Prev 3 of 5 Next > Stock-873507500jpg PETIY CASH ANALYSIS SHET 11esribution O yments Moucher No. Date Receipts Payments Supplies Debit Description Delivery Misc Other Accounts Debit Expenise Expense Debit Debit Account Thle Amont Jun 01, 2019 Establish fund Jun 05, 2019 Office supplies Postage stamps Delivery service Jun 08, 2019 2 Jun 15, 2019 3. Jun 22, 2019 4. Personal withdrawal Jun 25, 2019 Store windows washed Jun 29, 2019 6 Delivery service Jun 30, 2019 Totals Jun 30, 2019 Balance on hand Balance on hand Jun 30, 2019 Jun 30, 2019 Replenish fund < Prev 3 of 5 Next > IStock-873507500.jpg Jun 30, 2019 Balance on hand Jun 30, 2019 Replenish fund Jun 30, 2019 Carried forward < June 01 Entry June 30 Entry > < Prev 3 of 5 Next > iStock-873507500.jpg Issued Check 590 for $244 to replenish the petty cash fund. Note: Enter debits before credits. Date General Journal Debit Credit Jun 30, 2019 Record entry Clear entry View general journal Prev 3 of 5 Next > Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. Petty Cash Analysis June 01 Entry June 30 Entry Analyze What were the total payments from the petty cash fund in June? Total payments < June 30 Entry Analyze < Prev 3 of 5 Next>
Expert Answer:
Answer rating: 100% (QA)
1 Florence Florals General Journal entry on 1st June June 01 General Journal Date Details Folio D... View the full answer
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
Loucks Company established a $200 petty cash fund on October 2, 2011. The fund is replenished at the end of each month. At the end of October 2011, the fund contained $37 in cash and the following...
-
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...
-
Lynns Music School created a $370 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...
-
True Or False Death benefits are used to compensate the deceaseds family for pain and suffering.
-
The owner of a moving company typically has his most experienced manager predict the total number of labor hours that will be required to complete an upcoming move. This approach has proved useful in...
-
The Drug Enforcement Administration (DEA) has moved to revoke the controlled medication licenses of two pharmacies because the pharmacies were filling prescriptions for oxycodone (the painkiller) in...
-
True or False: If MARR \(=10 \%\) and IRR \(=9 \%\), then ERR \( <10 \%\) and \(\mathrm{PW}>\$ 0\).
-
Analyze Take- Twos 1998-2000 financial data included in Exhibit 1. Compute the following financial ratios for each of those years: age of accounts receivable, age of inventory, gross profit...
-
Show that the function is a solution to y(x) = = Ce + Czex d y dy 2y = 0 dx dx for any choice of the constants C1 and C2. Then, determine C1 and C2 so that the initial conditions y(0) = 2 and dxx (0)...
-
Aeration and sludge recirculation have been practiced for many years at municipal and industrial water treatment plants. Aeration is used primarily for the physical removal of gases or volatile...
-
For each of the following integrals, give a function that if, integrated on a similar infinite domain, will have the same convergence or divergence behavior as the given integral, and use that to...
-
Jennifer and Brad were engaged to be married. They entered into an ante-nuptial agreement pursuant to which they both surrendered any rights to alimony or a property settlement upon divorce. Pursuant...
-
A colorblind man and his wife have four children, 2 boys and 2 girls. One of the boys is colorblind and so is one of the girls. What is the genotype of the mother? What are the genotypes of each of...
-
Write a procedure for Wamco payroll confidentiality and secure storage You are a payroll officer for Wamco. Often family members and other external parties ring you up or email you and want to check...
-
Few athletes were used as endorsers in the 1960s, but that changed dramatically in the 1980s ,name industry began using athletes to endorse their products?
-
A city issues ten-year, $10,000,000 bonds at face value on January 1, 2023, to finance construction of a new school. Calculate the impact of this issuance on the total fund balance in the fund...
-
"What constitutes publication bias within academic research, and how do funnel plots serve as a methodological tool for discerning its presence and extent within the literature?"
-
Planning: Creating an Audience Profile; Collaboration: Team Projects. Compare the Facebook pages of three companies in the same industry. Analyze the content on all available tabs. What can you...
-
Rapache Clothiers is a small company that manufactures tall-mens suits. The company has used a standard cost accounting system. In May 2010, 11,200 suits were produced. The following standard and...
-
At Natasha Company, prepayments are debited to expense when paid, and unearned revenues are credited to revenue when received. During January of the current year, the following transactions occurred....
-
What is the economic entity assumption?
-
A diffraction grating is a closely spaced array of apertures or obstacles forming a series of closely spaced slits. The simplest type in which an incoming wave front meets alternating opaque and...
-
Find the position of the first minimum for a single slit of width 0.04 \(\mathrm{mm}\) on a screen of \(2 \mathrm{~m}\) distance, when light from a He-Ne laser \(\lambda=\) 6328 is shone on the slit.
-
A GaAs p-n junction has a \(100 \mu \mathrm{m} \times 100 \mathrm{~m}\) cross section and a width of the depletion layer \(W=440 \mathrm{~nm}\). Consider the junction in thermal equilibrium without...
Study smarter with the SolutionInn App