If in Exercise 6B-2 cash on hand is $20, prepare the entry to replenish the petty cash
Question:
If in Exercise 6B-2 cash on hand is $20, prepare the entry to replenish the petty cash on December 31.
Exercises 6B-2
Transcribed Image Text:
201X December 1 A $108 petty cash fund is established. At the end of the month, $35 cash plus the following paid vouchers exist: donations expense, $15; postage expense, $13; office supplies expense, $26; miscellaneous expense, $19. 31
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (9 reviews)
Dec 31 Donations Expense 1 5 00 P...View the full answer
Answered By
Susan Juma
I'm available and reachable 24/7. I have high experience in helping students with their assignments, proposals, and dissertations. Most importantly, I'm a professional accountant and I can handle all kinds of accounting and finance problems.
4.40+
15+ Reviews
45+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
If in Exercise 6B-2 cash on hand is $45, prepare the entry to replenish the petty cash on December 31. Exercises 6B-2 201X December 1 A $108 petty cash fund is established. At the end of the month,...
-
If, in Exercise 7-2, cash on hand was $11, prepare the entry to replenish the petty cash on July 31.
-
If, in Exercise 7-2, cash on hand was $13, prepare the entry to replenish the petty cash on July 31.
-
All of the following companies manufacture toasters. The following costs were incurred by each company during September: Required: 1. What is the total conversion cost for Warner Co.? 2. What is the...
-
What are non-current liabilities?
-
Applebees Restaurants has spent tens of thousands of dollars on advertising in the last two years. Marketing executives want to measure what effect the advertising has had, and they decide to measure...
-
Redesign the fractionator of Example 6.8 using a random packing. The column is to be packed with 50-mm metal Pall rings. Determine the diameter of the tower, the height of packing in the stripping...
-
As president of Youngs of California, a large clothing chain, you have just received a letter from a major stockholder. The stockholder asks about the companys dividend policy. In fact, the...
-
2.1 Design and determine data storage requirements from NoSQL data store according to selected vendor technology and business requirements
-
Trnkle Company, Incorporated made several purchases of long-term assets in Year 1. The detals of each purchase are presented here. New Office Equlpment 1. List price: $38,300; terms: 210 n/30; pald...
-
In general journal form, prepare journal entries to establish a petty cash fund on December 1 and replenish it on December 31. 201X December 1 A $108 petty cash fund is established. At the end of the...
-
A black box has two input connections and two output connections. With a 12-V rms, 60-Hz sine wave across the inputs, the output is a 6.0-V, 60-Hz sine wave leading the input voltage by 45. Design a...
-
Antiques R Us is a mature manufacturing firm. The company just paid a $9 dividend, but management expects to reduce the payout by 8 percent per year, indefinitely. If you require a 14 percent return...
-
Briefly Explain and Indicate the type of ruling or decision that has been made by the Commissioner and the extent to which it is binding on the taxpayers involved.? The following tax rulings were...
-
How much is the deductible pension contributions for 2021? How much is Jiho Corporation's income tax payable? Consider the following information regarding a corporation's pension contributions: ...
-
What recent news should I refer to when I try to teach inflation such as measurement, cause (demand-pull inflation and cost-push inflation), expected inflation? Could you give me some suggestions?
-
Explain the different stakeholders within the financial markets and their priorities, highlighting where they are incompatible? How do the goals and methods which the FCA employ help to make...
-
1. A real property was transferred to a revocable trust with Carding as the beneficiary. The property earned a total of 900,000 gross rentals during the taxable period. The expenses attributable to...
-
Lassen Corporation sold a machine to a machine dealer for $25,000. Lassen bought the machine for $55,000 and has claimed $15,000 of depreciation expense on the machine. What gain or loss does Lassen...
-
Subprime loans have higher loss rates than many other types of loans. Explain why lenders offer subprime loans. Describe the characteristics of the typical borrower in a subprime consumer loan.
-
What is the normal balance of cost of goods sold?
-
Explain the difference between merchandise and equipment.
-
What is the normal balance of each creditor in the accounts payable subsidiary ledger?
-
You have just made your first $5,200 contribution to your retirement account. Assume you earn a return of 12 percent per year and make no additional contributions. a. What will your account be worth...
-
There are two components of leadership. The first is your own personal style and the second is how you choose to lead. Use the following checklist to evaluate your leadership style: What Kind of a...
-
Selected Realized Returns, 1926-2017 Average Return Standard Deviation Small-cap stocks 16.5% 31.7% Large-cap stocks 12.1 19.8 Long-term corporate bonds 6.4 8.3 Long-term government bonds 6.0 9.9...
Study smarter with the SolutionInn App