Wilkinson Company established a $100 petty cash fund on August 1. On August 31, the fund had $7 cash remaining and petty cash receipts for postage $31, office supplies $42, and miscellaneous expense $16. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31.
Answer to relevant QuestionsRoger Richman owns Richman Blankets. Richman asks you to explain how he should treat the following reconciling items when reconciling the company’s bank account.1. Outstanding checks.2. A deposit in transit.3. The bank ...Listed below are five procedures followed by Eikenberry Company.1. Several individuals operate the cash register using the same register drawer.2. A monthly bank reconciliation is prepared by someone who has no other cash ...The information below relates to the Cash account in the ledger of Minton Company.Balance September 1—$17,150; Balance September 30—$17,404; Cash deposited—$64,000.Checks written—$63,746.The September bank statement ...Rondelli Middle School wants to raise money for a new sound system for its auditorium. The primary fund-raising event is a dance at which the famous disc jockey D.J. Sound will play classic and not-so-classic dance tunes. ...Amazon.com, Inc.’s financial statements are presented in Appendix D. Financial statements of Wal-Mart Stores, Inc. are presented in Appendix E. Instructions for accessing and using the complete annual reports of Amazon and ...
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