Carla Vista Buttons uses a petty cash imprest system. The fund was established on September 4...
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Carla Vista Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $210. On September 30, there were $52 cash and the following petty cash receipts in the petty cash box: Date Sept. 5 9 14 16 20 29 Date Receipt No. Sept. 4 1 2 3 4 5 6 Account Titles and Explanation Petty Cash Cash eTextbook and Media For Freight in (assume perpetual inventory system) Delivery charges on outgoing freight Freight in Supplies Delivery charges on outgoing freight Freight in List of Accounts Record the journal entry on September 4 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Amount $22 18 30 11 21 40 Debit 210 Credit 210 Record the journal entry on September 30 to replenish the fund and decrease the balance to $110. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Sept. 30 Merchandise Inventory Delivery Expense Supplies Cash Over and Short Cash Debit 92 39 11 Credit 158 Carla Vista Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $210. On September 30, there were $52 cash and the following petty cash receipts in the petty cash box: Date Sept. 5 9 14 16 20 29 Date Receipt No. Sept. 4 1 2 3 4 5 6 Account Titles and Explanation Petty Cash Cash eTextbook and Media For Freight in (assume perpetual inventory system) Delivery charges on outgoing freight Freight in Supplies Delivery charges on outgoing freight Freight in List of Accounts Record the journal entry on September 4 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Amount $22 18 30 11 21 40 Debit 210 Credit 210 Record the journal entry on September 30 to replenish the fund and decrease the balance to $110. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Sept. 30 Merchandise Inventory Delivery Expense Supplies Cash Over and Short Cash Debit 92 39 11 Credit 158
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Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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