The following transactions occurred in April for Jubilant Co.: Your tasks are to do the following: 1.
Question:
The following transactions occurred in April for Jubilant Co.:
Your tasks are to do the following:
1. Record the appropriate entries in the general journal as well as the auxiliary petty cash record as needed.
2. Replenish the petty cash fund on April 30 (check no. 18).
201X Арг. 1 Issued check no. 14 for $140 to establish a petty cash fund. Paid $19 from petty cash for postage, voucher no. 1. 8. Paid $17 from petty cash for office supplies, voucher no. 2. 15 Issued check no. 15 to Reliable Corp. for $150 from past purchases on account. 17 Paid $16 from petty cash for office supplies, voucher no. 3. 20 Issued check no. 16 to Rabbit Corp., $700 for past purchases on account. 24 Paid $19 from petty cash for postage, voucher no. 4. Paid $15 from petty cash for local church donation, voucher no. 5 (a miscellaneous payment). 26 28 Issued check no. 17 to Jay Moon to pay for office equipment, $800. 30 Replenished petty cash, check no. 18. Assume no shortage or overage.
Step by Step Answer:
GENERAL JOURNAL PAGE 4 Date 201X Account Titles and Description PR Dr Cr Apr 1 Petty Cash 1 4 0 0...View the full answer
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Related Video
A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
Students also viewed these Business questions
-
The following transactions occurred in April for Joyous Co.: 201X Apr. 1 Issued check no. 14 for $125 to establish a petty cash fund. 5 Paid $13 from petty cash for postage, voucher no. 1. 8 Paid $16...
-
The following transactions occurred in April for Joyous Co.: 201X Apr. 1 Issued check no. 14 for $120 to establish a petty cash fund. 5 Paid $10 from petty cash for postage, voucher no. 1. 8 Paid $16...
-
The following transactions occurred in April for Exultant Co.: 201X Apr. 1 Issued check no. 14 for $150 to establish a petty cash fund. 5 Paid $20 from petty cash for postage, voucher no. 1. 8 Paid...
-
Gothic Kings Ltd. Is a 100% owned subsidiary of Hadrian Inc. Gothic has been profitable in the past but incurred a loss for the year ended December 31, 20X3. Hadrian has indicated that if Gothic...
-
Should the salary of BDCC's president be recorded as an asset since his salary brings benefits to the company in future accounting periods?
-
Tim Smith is shopping for a used car. He has found one priced at $4,500. The dealer has told Tim that if he can come up with a down payment of $500, the dealer will finance the balance of the price...
-
Number of cars owned Classify the variable as qualitative or quantitative.
-
Stallone Company is considering two possible investments, each of which requires an initial investment of $36,000. Investment A will provide a cash flow of $4,000 at the end of each year for 20...
-
Gold Enterprises had the following sales-related transactions on a recent day: a. Billed customer $15,800 on account for services already provided. b. Collected $4,550 in cash for services to be...
-
The final project for this course is the creation of a memorandum with an appendix of supporting IRS forms and schedules . Working as an accounting associate in a financial organization requires the...
-
From the following bank statement, please (1) complete the bank reconciliation for Tony?s Deli found on the reverse of the following bank statement and (2) journalize the appropriate entries as...
-
Slacks.com received a bank statement from Cobb Bank indicating a bank balance of $7,700. Based on Slacks.coms check stubs, the ending checkbook balance was $8,136. Your task is to prepare a bank...
-
a. Show that the general solution to the differential equation dy/dx = x/k - y can be written in the form x 2 + ( y k) 2 = c. b. Describe the family of curves that satisfy this differential equation...
-
Suppose we observe the following rates: 1 R 1 = 9%, 1 R 2 = 11%. If the unbiased expectations theory of the term structure of interest rates holds, what is the 1-year interest rate expected one year...
-
How do the visuals and the text of the Digital World Technologies advertise- ment employees, customers, and stockholders that the company is committed to diversity in the workplace? Also, explain how...
-
Briefly explain the differences between combinational and sequential logic. [2 marks] (b) With the aid of appropriate diagrams, briefly explain the operation of Moore and Mealy finite state machines...
-
You own a stock that had returns of 11.52 percent, 7.74 percent, 24.76 percent, and 16.94 percent over the past four years. What was the geometric average return for this stock?
-
A project has the following cash flows: Year Cash Flow 0 $ 69,500 1 47,000 2 30,400 a. What is the IRR for this project? (Do not round intermediate calculations and enter your answer as a percent...
-
The total revenue for The Walt Disney Company was $35,510,000 for 2007, $37,843,000 for 2008, and $36,149,000 for 2009. a. Deflate the total revenue with the relevant price index. b. Discuss the...
-
How do individual companies respond to economic forces throughout the globe? One way to explore this is to see how well rates of return for stock of individual companies can be explained by stock...
-
Why is the accounts receivable subsidiary ledger organized in alphabetical order?
-
List two drawbacks of the periodic inventory system.
-
What is the normal balance of Cost of Goods Sold?
-
In which environment would a chase strategy be not advantageous? Explain with Examples.
-
A proton (mass = 1.673 10-27 kg) moves with an initial velocity (5.38, -18.92,0) km/s at the origin in a uniform magnetic field B = (-20.47,0,0) mT. To an observer on the negative x axis the proton...
-
A sample of bismuth weighing 0.687 g was converted to bismuth chloride by reacting it first with HNO, and then with HCI, followed by careful evaporation to dryness. The mass of the bismuth chloride...
Study smarter with the SolutionInn App