An imprest petty cash fund of $400 was established for minor disbursements. At the end of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month, the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65 and cash of $23 (left in PC). How much cash is required to replenish the fund? A) $ 23 B) $226 C) $312 D) $377 2. An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65. How much cash is left in the fund if there is no shortage or overage? A) $ 23 B) $ 88 C) $174 D) $377 3. An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65. If there is $13 left in the fund, how much cash is required to replenish the fund? A) $377 B) $236 C) $387 D) $367 4. On October 1, 2016, Ellis Company establishes an imprest petty cash fund by issuing a check for $150 to Pat Harmon, the custodian of the petty cash fund. On October 31, 2016, Pat Harmon submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $12 cash in the fund: Freight-In $25 Supplies Expense 32 Entertainment of Clients 55 Postage Expense 24 Total receipt 136 Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. 5. On November 1, 2009, Jones Company established a $400 petty cash fund. At the end of November, the petty cash fund contained the following petty cash tickets. $73.50 Postage Office supplies 87.55 90.95 Miscellaneous items An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month, the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65 and cash of $23 (left in PC). How much cash is required to replenish the fund? A) $ 23 B) $226 C) $312 D) $377 2. An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65. How much cash is left in the fund if there is no shortage or overage? A) $ 23 B) $ 88 C) $174 D) $377 3. An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65. If there is $13 left in the fund, how much cash is required to replenish the fund? A) $377 B) $236 C) $387 D) $367 4. On October 1, 2016, Ellis Company establishes an imprest petty cash fund by issuing a check for $150 to Pat Harmon, the custodian of the petty cash fund. On October 31, 2016, Pat Harmon submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $12 cash in the fund: Freight-In $25 Supplies Expense 32 Entertainment of Clients 55 Postage Expense 24 Total receipt 136 Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. 5. On November 1, 2009, Jones Company established a $400 petty cash fund. At the end of November, the petty cash fund contained the following petty cash tickets. $73.50 Postage Office supplies 87.55 90.95 Miscellaneous items
Expert Answer:
Answer rating: 100% (QA)
1 Cash required for replenish the fund Petty cash book balance 400 Expenses Supplies 1... View the full answer
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date:
Students also viewed these finance questions
-
Minor Medical Center established a petty cash fund of $200 on January 2. On January 31, the fund contained cash of $18.50 and vouchers for the following cash payments: Maintenance expense .............
-
Jazzy Night Club maintains an imprest petty cash fund of $250, which is under the control of Sandra Morgan. At March 31, the fund holds $24 cash and petty cash tickets for office supplies, $224, and...
-
How much work is required to compress 5.00 mol of air at 20.0C and 1.00 atm to one tenth of the original volume? (a) By an isothermal process? (b) By an adiabatic process? (c) What is the final...
-
Write a filter KamasutraCipher that takes two strings as command-line argument (the key strings), then reads strings (separated by whitespace) from standard input, substitutes for each letter as...
-
(Multiple Choice) 1. What are the components of the net position section of a governmental hospitals balance sheet? a. Unrestricted; temporarily restricted; permanently restricted b. Assets limited...
-
Hoong Du has a \($6,400\) debt balance on his American Express card that charges an APR of 12.6 percent compounded monthly. Hoongs current minimum monthly payment is 4 percent of his debt balance, or...
-
What is the velocity ratio of the differential pulley block ?
-
Pantene Paints has annual sales of $ 2,250,000 with variable expenses of 60 percent of sales and fixed expenses per month of $ 25,000. By how much must annual sales increase for Pantene Paints to...
-
Evaluate the role of non-traditional thermodynamic cycles, such as supercritical CO2 cycles, organic Rankine cycles, and Kalina cycles, in improving energy efficiency and reducing emissions in power...
-
1. Which aspect of the French revolution most disturbed commentators? 2. How would you align each of these writers on a spectrum running from extreme right to extreme left in politics? 3. How would...
-
2. The university produces two commodities: research and teaching. The resources the university uses include faculty and staff, libraries, classrooms and so on. The following points indicate some...
-
Cases: Case 1: A send message to D Case 2: B send message to A Questions: a) In the case 1; A sends a packet to D, the left switch will send the frame via which interface? b) What is the content of...
-
1 time line might be helpful to you; (you can do part d, e and f even if you could not do a, b and c). < Damir bought a used car for $12,000; he financed it with a six-year (6 years) bank loan at APR...
-
4. Consider the following setup. What are the detection probabilities at O+D- and I+B-: a. 0% and 12.5% b. 0% and 25% c. 50% and 12.5% d. 50% and 25% O+ I+ M BS D- e+ e- M BS BS B- M
-
You have been hired as the first chief compliance officer (CCO) for Mystic Health Systems, a tax-exempt charitable organization located in the Midwest, which operates a 250-bed hospital with $400...
-
In the complex numbers, where i = -1, what complex number x is a solution to the equation x(2 + 3i) = 1?
-
Ceilia's annual income ranges between 100 thousand dollars in a good year and 36 thousand in a bad year. The probability of either occurring is 50% . Her utility function is U(y) = 4y0.5 where y is...
-
Describe a job you have had in the past or a job you are very familiar with. Indicate the negative aspects of the job and how it could be improved with current human resource management techniques.
-
Accounting records for Joshs Shopping Bags yield the following data for the year ended May 31, 2012: Inventory, May 31, 2011. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $...
-
Missy Crone owns and operates a public relations firm called Top 40, Inc. The following amounts summarize her business on August 31, 2012: During September 2012, the business completed the following...
-
School Stars produces stars for elementary teachers to reward their students. School Stars trial balance on June 1 follows: June 1 balances in the subsidiary ledgers were as follows: Materials...
-
Among 100 purification filters used in an experiment, 46 had a service life of less than 20 hours, 19 had a service life of 20 or more but less than 40 hours, 17 had a service life of 40 or more but...
-
The procedure in Exercise 10.46 also calculates the chi square test for independence. Do Exercise 10.40 using the computer. Data From Exercise 10.46 Data From Exercise 10.40 10.46 A chi square test...
-
A chi square test is easily implemented on a computer. With the counts from Example 8 in columns 1-4, the MINITAB commands produce the output Expected counts are printed below observed counts Repeat...
Study smarter with the SolutionInn App