The petty cash custodian reported the following transactions during the month. Prepare the journal entry to record the replenishment of the fund. A $ 10 cash payment is made to Starbucks to purchase coffee for a business client, a $ 40 cash payment is made for supplies purchased from Office Depot, and a $ 30 cash payment is made to UPS to deliver goods to a customer.
Answer to relevant QuestionsOn September 30, Hector’s petty cash fund of $ 100 is replenished. At the time, the cash box contained $ 18 cash and receipts for taxi fares ($ 40), delivery charges ($ 12), and office supplies ($ 30). Prepare the journal ...Match each of the following cash payment activities to the internal control principle to which it best relates. Enter the appropriate letter in the space provided. Locker Rentals Corp. (LRC) operates locker rental services at several locations throughout the city including the airport, bus depot, shopping malls, and athletics facilities. Unlike some of the old mechanical lockers that ...The April 30 bank statement for KMaxx Company and the April ledger account for cash are summarized here: No outstanding checks and no deposits in transit were noted in March. However, there are de-posits in transit and ...The September bank statement and cash T- account for Terrick Company follow: There were no deposits in transit or outstanding checks at August 31. Required: 1. Identify and list the deposits in transit at the end of ...
Post your question