Question: necessary journal entry by sele View transaction list Journal entry worksheet < 1 Recall on February 1, Derrick Company established a $200 petty cash

necessary journal entry by sele View transaction list Journal entry worksheet <

necessary journal entry by sele View transaction list Journal entry worksheet < 1 Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage I$140) and printing ($54). Complete the necessary journal entry by selecting the account Note: Enter debits before credits. Date Feb. 15 General Journal Debit Credit Record entry Clear entry View general journal

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Jasper & Williams made purchases of a particular product inthe current year as follows:Jan.1Beginning inventory110units@$2.30=$253Mar.7Purchased215units@$2.40 2 answers

Exercise 15-13 (Algo) Transactions in held-to-maturity, trading, and stock investments LO P1, P2, P4 a. On February 15, paid $140,000 cash to purchase GMI's 90-day short-term notes at par, which are...

Bushard Company (buyer) and Schmidt, Inc. (seller) engaged in the following transactions during February 2019: Bushard Company DATE TRANSACTIONS 2019 Feb. 10 Purchased merchandise for $6,200 from...

Required information [The following information applies to the questions displayed below. Oscar's Red Carpet Store maintains a checking account with Academy Bank. Oscar's sells carpet each day but...

Required information Exercise 6-21 Complete the accounting cycle using inventory transactions (L06-2, 6-3, 6-5, 6-6, 6-7) [The following information applies to the questions displayed below.) On...

Required: 1.Prepare journal entries to establish the fund on May 1, to replenish it on May 15 and on May 31, and to decrease in the fund balance on May 16 and May 31. (Round your answers to 2 decimal...

how to solve the given problems 1. The following information is available to reconcile Hinckley Company's book balance of cash with its bank statement cash balance as of June 30. The June 30 cash...

7 On September 1, a company established a petty cash fund of $170. On September 10, the petty cash fund was replenished when there was $51 remaining and there were petty cash receipts for supplies,...

9-11 Dexter Company uses the direct write-off method. March 11 Dexter determines that it cannot collect $8,800 of its accounts receivable from Leer Company. March 29 leer Company unexpectedly pays...

On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account balances: On January 1, 2021, the general ledger of Big Blast Fireworks includes the following account...

Using the information in Exercise 13-14, prepare a classified balance sheet at December 31, 2014, and then answer each of the following questions (assume that the preferred shares are non-cumulative;...

How does theory of constraints differ from traditional scheduling? How should bottleneck resources and nonbottleneck resources be scheduled? Why should transfer batches and process batches be treated...

Strategic option........................ is used for prioritizing mutually exclusive strategies and for evaluating different strategies based on defined criteria.

Rewrite the following loops without using the enhanced for loop construct. Here, values is an array of floating-point numbers. a. for (double x : values) { total = total + x; } b. for (double x :...

Rewrite the following loops, using the enhanced for loop construct. Here, values is an array of floating-point numbers. a. for (int i = 0; i

Observe the position and phase of the moon on several days in succession and at regularly chosen times during the day and evening. (It is probably best to choose a point near the first quarter of the...

A five-year loan of $25,000 at 5.2% compounded quarterly requires quarterly payments. a. Calculate the interest component of Payment 10. b. Calculate the principal component of Payment 13. c....

An air conditioner on a hot summer day removes 8 kW of energy from a house at 21C and pushes energy to the outside, which is at 31C. The house has a mass of 15 000 kg with an average specific heat of...

which principle is the basis of the coast approach for real estate value

Upon graduation, you are hired by Pullman Corporation, a manufacturer of accessories for luxury cars. Management wants you to conduct research to locate foreign markets with the best sales potential....

MyManagementLab Onlycomprehensive writing assignment for this chapter. LO.1

Do you believe ABDs products are in a state of readiness to begin exporting to Europe? Why or why not? Are the products ready for exporting to emerging markets (e.g., China, Mexico, Russia)? Why or...