Petty cash was originally established for $25. During the month, $4 was paid out for stamps and
Question:
Petty cash was originally established for $25. During the month, $4 was paid out for stamps and $5 for floor wax. During replenishment, the custodian discovered that the balance in petty cash was $8. Record, using a general journal entry, the replenishment of petty cash back to $25.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
Stamps Expense 400 ...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
Petty cash was originally established with $60. During the month, $10 was paid out for parking; $15 for postage; and $25 for emergency purchase of office supplies. During replenishment, the custodian...
-
Petty cash was originally established with $20. During the month, $5 was paid out for bandages and $6 for stamps. During replenishment, the custodian discovered that the balance in petty cash was $8....
-
Petty cash was originally established for $21.00. During the month, $4.70 was paid out for pencils and $5.70 for straws. During replenishment, the custodian discovered that the balance in petty cash...
-
Marks 1. Find the limits, if they exist. If a limit does not exist, check whether the function approaches +00 x2 + 2x - 15 (5) (a) lim x-3 x2-4x +3 x2 - 4 (5) (b) lim x2 x4 - 16 Carol Ferland CF...
-
Suppose that the lemmings in Exercise 24 can sometimes crawl back up the cliff. In particular, suppose that a lemming at the bottom of the cliff climbs back up with probability 0.1 each hour. What is...
-
Write special messages that convey kindness and goodwill.
-
Calculate the magnitude of the magnetic field at the center of a circular arc of radius \(25 \mathrm{~mm}\) spanning an angle of \(\pi / 2\) and carrying a current of \(3.0 \mathrm{~A}\).
-
Use Solver to create a Sensitivity Report for question 30 at the end of chapter 3 and answer the following questions: a. Is the solution unique? b. If Sentry wants to increase their production...
-
Step 3: Testing Your Configuration Update 1. Restart the SSH service. [Your solution command here] 2. Exit the root account. [Your solution command here] 3. SSH to the target machine using your sysd...
-
Steller Systems completed the following stock issuance transactions: May 19 Issued 1,700 shares of $3 par value common stock for cash of $10.50 per share. Jun. 3 Issued 300 shares of $9, no-par...
-
Indicate what effects (#1 4) each situation (#a f) will have. (There might be more than one effect applicable for a situation.) 1. New check written. 2. Recorded in general journal. 3. Petty cash...
-
In Exercise 5, if the custodian decided to raise the level of petty cash to $35, what would be the journal entry to replenish? (Use a general journal entry.) In Exercise 5, Petty cash was originally...
-
At the end of the current year, Boyd Company claims a $200,000 tax credit on its income tax return. Boyd is uncertain whether the IRS will accept this credit. It studies the IRS regulations and...
-
What are some practical methods for bringing about behavior change, both in ourselves and in others?
-
Explain one legitimate use for a variable interest enterprise (VIE).
-
Briefly define Sharia auditing.
-
Use the following information to answer the following questions pertaining to the adjusting entries of Smart Ideas. Smart Ideas started operation on December 1. The company purchased $3,000 of...
-
How might you examine the reliability of dream interpretation?
-
(a) What is the best coefficient of performance for a heat pump that has a hot reservoir temperature of 50.0C and a cold reservoir temperature of -20.0C? (b) How much heat transfer occurs into the...
-
Find the equation of the plane passing through the points P 5,4,3 ,Q 4,3,1 and R 1,5,4
-
Search the Internet for an example of a new sports product that could be classified as a fad. Describe the product and why you think the product is a fad.
-
The Candy Co. of Lethbridge pays its workers twice each month. Data for the two pay periods on June, are shown below: Union dues must be remitted to the union treasurer by the 15th of the following...
-
For this exercise, please assume a province that has three rates for workers compensation: General Office Workers, $1.85 per $100; Sales Staff, $2.45 per $100; Management Personnel, $1.25 per $100....
-
Complete the following table: Assets Liabilities + Owner's Equity . $17,500 ? + $11,500 b. ? $5,000 + $60,000 C. $15,000 $12,000 +
-
I need to find out how to calculate the 3-year % rate of return. The information I have is a $10,000 investment and a 12-month yield percentage (1.138 for AB company, 1.894 for AIG company, 0.679 for...
-
Anna has an investment that will bring her $100 with a 30% probability and $40 with a 70% probability. Anna's Utility function is U = Y (1/2) . Where Y= income. Anna is considering selling this...
-
on January 1, 2000, the price of koka kola was $10. on jan and, 2020, the shares were worth $100. the stock Paid no dividends during the period. what is the annual geometric return.
Study smarter with the SolutionInn App