Prepare journal entries for each of the following: a. Issued a check to establish a petty cash
Question:
a. Issued a check to establish a petty cash fund of $400.
b. The amount of cash in the petty cash fund is $85. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $180 and miscellaneous selling expense, $110. Record any missing funds in the cash short and over account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
a Petty Cash 400 Cash 400 ...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
Question Posted:
Students also viewed these Cost Accounting questions
-
Prepare journal entries for each of the following selected transactions. a. On January 13, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $80,000 cash along with...
-
Prepare journal entries for each of the following selected transactions. a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $70,000 cash along with equipment...
-
Prepare journal entries for each of the following selected transactions that occurred during Tio Networks Corporations first year ofoperations: 2014 Jan. 15 21 15 Issued 2,000 common shares to the...
-
Jacomo Companys output for the current period was assigned a $300,000 standard direct materials cost. The direct materials variances included a $44,000 favorable price variance and a $6,000 favorable...
-
Dora Alexander, owner of Passions Linen Shop, was preparing checks for payment of the current month's purchase invoices when she realized that there were two invoices from Sensuous Linen Company,...
-
Finsbury Co has a cash generating unit (CGU) that suffers a large drop in income due to reduced demand for its products. An impairment review was carried out and the recoverable amount of the cash...
-
Use the implicit finite difference method to solve the heat conduction problem on the unit square: \[\begin{aligned}& \frac{\partial^{2} u}{\partial x^{2}}=\frac{\partial u}{\partial t} \\& u(x, 0)=x...
-
A sale of merchandise on account for $12,200 is subject to a 6% sales tax. (a) Should the sales tax be recorded at the time of sale or when payment is received? (b) What is the amount of the sale?...
-
After graduating from high school, Jose is thinking about going to college. The college tuition is $18,000 a year. Instead of going to college, Jose could take a full-time job that pays $28,000. What...
-
The following information relates to Royale Real Estate Agency. Oct. 1 James Royale begins business as a real estate agent with a cash investment of $17,000. 2 Hires an administrative assistant. 3...
-
Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $600. b. The amount of cash in the petty cash fund is $175. Issued a check to replenish the...
-
Tyler Kirsch has recently been hired as the manager of Dark Canyon Coffee. Dark Canyon Coffee is a national chain of franchised coffee shops. During his first month as store manager, Tyler...
-
Why is it necessary to design the application architecture?
-
Both CPI and the GDP deflator measure the change in the price of goods and services and tend to change in similar ways over time. In the third quarter of 2018, CPI rose by 1.5% from the previous...
-
In the debate over the Tax Cuts and Job Act of 2018, Republicans argued that businesses needed an incentive to invest more in physical capital in order for the United States to see much faster...
-
The average household income in the United States in 1975 was $13,800 and CPI was 53.8. Convert the average income in 1975 to 2018 dollars if CPI was 251.1 in 2018.
-
Suppose the typical college student spends money primarily on the products in the following table. a. What is the cost of the basket in 2019? b. What is the cost of the basket in 2020? c. What is the...
-
In 2015, Netflix increased its monthly price for new subscribers by $1. In response, someone tweeted: So tired of being a college student. Cant wait until I have a stable job and wont have a meltdown...
-
A former secretary petitions a court for alimony. She tells the court that she will return to work as a secretary, but still needs alimony. Her husband, however, argues that she is capable of earning...
-
Open Text Corporation provides a suite of business information software products. Exhibit 10-9 contains Note 10 from the companys 2013 annual report detailing long-term debt. Required: a. Open Text...
-
What are the three standards for the insanity defense found in criminal law?
-
In what section of the balance sheet should the following items appear, and what balance sheet terminology would you use? (a) Treasury stock (recorded at cost). (b) Checking account at bank. (c) Land...
-
In what section of the balance sheet should the following items appear, and what balance sheet terminology would you use? (a) Treasury stock (recorded at cost). (b) Checking account at bank. (c) Land...
-
In what section of the balance sheet should the following items appear, and what balance sheet terminology would you use? (a) Treasury stock (recorded at cost). (b) Checking account at bank. (c) Land...
-
The GASB format cash flow statement Blank______. Multiple select question. includes cash received from investment income as an investing activity requires cash flows from operating activities to be...
-
Consider the data shown: 36 49 88 19 28 106 61 83 44 23 94 34 39 68 72 79 50 Find the five-number summary. Find the interquartile range. Draw a boxplot.
-
Mr. Jenkins builds Victorian dollhouses. He wants to carpet every room of a seven-room doll house. The square inches for each room are 120, 90, 64, 40, 56, 36, and 70. How many square inches of...
Study smarter with the SolutionInn App