Prepare journal entries for each of the following: a. Issued a check to establish a petty cash
Question:
Prepare journal entries for each of the following:
a. Issued a check to establish a petty cash fund of $1,270.
b. The amount of cash in the petty cash fund is $160. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $780, and miscellaneous selling expense, $280. Record any missing funds in the cash short and over account.
Step by Step Answer:
Question Description Prepare journal entries for each of the following a I...View the full answer
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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
-
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...
-
A fast-food restaurant operates both a drive through facility and a walk-in facility. On a randomly selected day, let X and Y, respectively, be the proportions of the time that the drive-through and...
-
Show that the sum of the exterior angles for a closed-polygon traverse is (n + 2) 180o.
-
How do the margin of safety and degree of operating lever age apply to CVP analysis? How are these two concepts related to one another?
-
Kronenberger Burgoyne, LLP, was a law firm with two equity partners who agreed to equal ownership as of 2009. Before 2009, Kronenberger had owned a majority interest in the firm, and when, in 2011,...
-
Part proliferation: role for activity-based costing An article in the Wall Street Journal by Neal Templin and Joseph B. White (June 23, 1993) reported on the major changes occurring at General...
-
Dan is standing a distance d = 25 m away from the base of a cliff of height H = 8 m. He is going to throw a baseball from 2 m above the ground at an angle = 53 above the horizontal with initial speed...
-
Kaplan Computers manufactures high end computer systems for the graphics design industry. At the present time, the company makes three computers with the following characteristics: Computer 1...
-
Financial data for Abrams Company follow: a. Compute the ratio of cash to monthly cash expenses. b. Interpret the results computed in (a). For Year Ended December 31 $ 54,270 Cash on December 31 Cash...
-
Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $1,410. b. The amount of cash in the petty cash fund is $440. Issued a check to replenish the...
-
An ROC curve plots the false positive rate (x-axis) against the true positive rate (y-axis) for different model thresholds. The graph below shows three different ROC curves labeled 1, 2, and 3....
-
1) A skier is on a cliff that is 64 feet above the landing where she is about to jump. The formula for calculating the height (h) of the skier after t seconds is: h=-16t +64. How long does it take...
-
Current Attempt in Progress The mass of the parasitic wasp Caraphractus cintus can be very small. Suppose such a wasp has a mass of 7.21 x 10-6 kg. What is this mass in (a) grams (g), (b) milligrams...
-
A4 kg object has a velocity (3 i - 4 j) m/s, what is the net work done (in joules) on the object if its velocity changes to (8 i + 6 j) m/s? Submit your answer with 2 decimal places! Answer:
-
A student extends then releases a mass attached to a spring. A graph of the mass's displacement over time is shown below. Displacement (cm) 5 4- 3 2- -2- -3- -4- -5- 1 2 3 4 5 What is the period of...
-
1. Two thin uniform rods, each of length 0.80 m and mass 2.00 kg are stuck together at their midpoints; we rotate this object about an axis though the midpoints and perpendicu- lar to the plane of...
-
Show that the matrix will have complex eigen values if is not a multiple Ï. Give a geometric interpretation of this result. cos sin -sin cos
-
Southwestern Punch was made by Frutayuda, Inc. and sold in 12-ounce cans to benefit victims of Hurricane Zero. The mean number of ounces placed in a can by an automatic fill pump is 11.7 with a...
-
Under a perpetual system, what is the purpose of the Cost of Goods Sold account?
-
Under a perpetual system, what is the purpose of the Cost of Goods Sold account?
-
If the $3,900 cost of a new microcomputer and printer purchased for office use were recorded as a debit to Purchases, what would be the effect of the error on the balance sheet and income statement...
-
Consider the following three-effort two-return scenario. The returns are G = 50,000 and B = 25,000. Effort i is denoted by e', with i = 1,2,3. The probability of G given effort e is given by 0.75 (i...
-
RAROC A financial institution wants to evaluate the credit risk of a potential loan to a A-rated borrower via the RAROC approach. The contractual loan
-
Jane owns a small restaurant in the heart of Toronto. She wants to hire Jim to X manage the restaurant. Jim has zero wealth. Both Jane and Jim are risk-neutral (i.e., their expected utility equals...
Study smarter with the SolutionInn App