Bateer Company established a $50 petty cash fund on July 1. On July 30, the fund had
Question:
Bateer Company established a $50 petty cash fund on July 1. On July 30, the fund had $12 cash remaining and petty cash receipts for postage $14, office supplies $10, and delivery expense $15. Prepare journal entries to establish the fund on July 1 and to replenish the fund on July 30.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
July by 30 Petty Cash Cash To estab...View the full answer
Answered By
Shivani Dubey
Hello guys, I am very good with the Advance mathematics, Calculus, Number theory, Algebra, Linear algebra, statistics and almost all topics of mathematics. I used to give individual tutoring students in offline mode but now want to help students worldwide so I am joining here. I can also give solutions in various coding languages of mathematics and software like mathematica, R, Latex, Matlab, Statistica, etc.
feel free to ask any doubt regarding mathematics
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Financial And Managerial Accounting
ISBN: 9781118004234
1st Edition
Authors: Donald E. Kieso, Paul D. Kimmel, Jerry J. Weygandt
Question Posted:
Students also viewed these Business questions
-
a. Luo Yang is concerned with control over mail receipts at Yangs Tools. All mail receipts are opened by Rong Hu. Rong sends the checks to the accounting department, where they are stamped For...
-
Craig Robinson Company established a $100 petty cash fund on August 1. On August 30, the fund had $9 cash remaining and petty cash receipts for postage $31, office supplies $42, and miscellaneous...
-
A firm is compulsorily dissolved if -. (1) All partners are adjudicated insolvent (2) The firm has been continuously suffering losses (3) Partnership has various adventures & one such adventure...
-
George bought the following amounts of Stock A over the years: (Loss amounts should be indicated with a minus sign.) Number of Adjusted Basis $ 7,200 6,270 Date Purchased Shares Stock A 11/21/1993...
-
JW Famcor Company makes an artificial leather-like product for the fashion accessory market. The material is made in sheets and has the appearance of a thin rug. Each sheet is 36 inches wide and 100...
-
In a job costing system, which of the following statements about materials is not correct? a. A materials requisition is used to request materials needed from the storeroom. b. Materials used during...
-
John J. Williams began working at Delaware Elevator as a branch sales manager in late 2004. The company manufactures components for elevators and installs and repairs elevators. It employs 175 people...
-
Bioway, Inc., a manufacturer of medical supplies, uses aggregate planning to set labor and inventory levels for the year. While a variety of items are produced, a standard kit composed of basic...
-
(d) For the following Boolean expression, give: i. The truth table F(a, b, c, d) = ( + b.d).(c.b.a. + .d) ii. The Karnaugh map iii. The minimal sum of products expression
-
Sally Kist owns Linen Kist Fabrics. Sally asks you to explain how she should treat the following reconciling items when reconciling the companys bank account: (1) a debit memorandum for an NSF check,...
-
L. R. Cortez is concerned about the control over cash receipts in his fast-food restaurant, Big Cheese. The restaurant has two cash registers. At no time do more than two employees take customer...
-
A simple pendulum of length b and bob with mass m is attached to a mass less support moving horizontally with constant acceleration a. Determine (a) The equations of motion and (b) The period for...
-
Your client is concerned with the five-year-ahead forecast of the $/ exchange rate. Critically discuss which methods you would implement to address your client's concerns successfully. Your...
-
Given a dataset of N data points x, Rd which are labelled by y, {-1,+1}, i=1,...,N, support vector machine (SVM) aims to find a separating hyperplane (H): w'x+b=0 with werd and ber that separates x,...
-
A four-year bond has price P=30,000 and face value FV=50,000 and quarterly coupon payments of 1,000. What is bond's quarterly coupon rate? A one-year risk-free zero coupon bond with face value = 200...
-
The variance ratio (VR) can be used to determine whether returns satisfy the efficient market hypothesis (EMH). Let n = 5 and r5,t be the five period log return at time t, where t = 1,2,..., T. 1....
-
II. Draw Gantt chart that illustrate the execution of this processes using the Priority scheduling algorithm: Priority scheduling algorithm Process Burst Time Priority Arrival 1 10 3 1 2 1 3 4 5 10 5...
-
Why do companies have employee handbooks or manual?
-
If M = 7, s = 2, and X = 9.5, what is z?
-
Identify the errors in the following bank reconciliation: Alma Co. Mank Reconciliation For the Manth Ended November 30, 2012 Cash balance according to bank statement. Add outstanding checks No. 915.....
-
Lasting impressions Co. records all cash receipts on the basis of its cash register tapes. Lasting Impressions Co. discovered during April 2012 that one of its sales clerks had stolen an undetermined...
-
Journalize the entries to record the following: a. Check No 6500 is issued to establish a petty cash fund of $1,200. b. The amount of cash in the petty cash fund is now $200. Check No. 6527 is issued...
-
You work in baseball operations at the NY Mets and are purchasing baseball caps from NewEra for next season. NewEra sells two types of caps, a snapback, and a flex cap. The price points for each hat...
-
Define what is meant by a budget and a master budget. List and describe the three major objectives of budgeting? Describe the process referred to as continuous budgeting. Put the following budgets in...
-
What are the major differences between financial accounting and managerial accounting? Define what is meant by the term direct materials cost. Give examples of direct materials for a clothing...
Study smarter with the SolutionInn App