On August 3, Sonar Sales decides to establish a $275.00 Petty Cash Account to relieve the...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
On August 3, Sonar Sales decides to establish a $275.00 Petty Cash Account to relieve the burden on Accounting a. Journalize this event Aug. 3 Petty Cash 275 Cash 275 b. On August 11, the petty cash tund has receipts for mail and postage of $124.75, contributions and donations of $53.25, meals and entertainment of $61.85, and $32.75 in cath. Journalize the replenishment of the fund. Round your answers to two decimal places If an amount box does not require an entry, leave it blank or enter "o". Aug. 11 Mail and Postage Expense Contributions and Denationa Expenae Meals and Entertainment Expense Cash Short and Over Cash e. On August 12, Sonar Sales decides to increase petty cash to $400.00 Joumalize this transaction. Aug 12 Petty Cash Cash On August 3, Sonar Sales decides to establish a $275.00 Petty Cash Account to relieve the burden on Accounting a. Journalize this event Aug. 3 Petty Cash 275 Cash 275 b. On August 11, the petty cash tund has receipts for mail and postage of $124.75, contributions and donations of $53.25, meals and entertainment of $61.85, and $32.75 in cath. Journalize the replenishment of the fund. Round your answers to two decimal places If an amount box does not require an entry, leave it blank or enter "o". Aug. 11 Mail and Postage Expense Contributions and Denationa Expenae Meals and Entertainment Expense Cash Short and Over Cash e. On August 12, Sonar Sales decides to increase petty cash to $400.00 Joumalize this transaction. Aug 12 Petty Cash Cash
Expert Answer:
Answer rating: 100% (QA)
S No Date Accounts Titles Explanation Debit Credit A ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
In October 2010, Clark Corporation decides to establish a SIMPLE-401(k) for its employees. Clark meets all requirements for establishing a SIMPLE. The company has notified its employees that in 2011,...
-
In October 2015, the Clark Corporation decides to establish a SIMPLE-401(k) retirement plan for its employees. Clark meets all requirements for establishing a SIMPLE. The company has notified its...
-
In October 2018, Clark Corporation decides to establish a SIMPLE-401(k) for its employees. Clark meets all requirements for establishing a SIMPLE. The company has notified its employees that in 2020,...
-
For the Somerset furniture Company described in Case Problem 10.1 in Chapter 10, determine the product lead time by developing a time line from the initiation of a purchase order to product delivery....
-
A density histogram of the ages (in years) of people who attend a movie is displayed in Fig. 70. Some of the bars have been left blank on purpose. a. Estimate M. b. Estimate . c. Estimate s. d....
-
In a certain inertial frame S, the electric field E and the magnetic field B are neither parallel nor perpendicular, at a particular space-time point. Show that in a different inertial system S...
-
Streamlines are given in Cartesian coordinates by the equation. \[ \psi=U\left(y-\frac{y}{x^{2}+y^{2}} ight) . \quad x^{2}+y^{2} \geq 1 \] Plot the streamlines for \(\psi=0, \pm 60.0625\), and...
-
Delta Airlines quotes a flight time of 2 hours, 5 minutes for its flights from Cincinnati to Tampa. Suppose we believe that actual flight times are uniformly distributed between 2 hours and 2 hours,...
-
Vodaphone's earnings per share in 2022 was $1.80, and in 2017 it was $1.25. The company distributes 60% of its earnings as dividends, and the stock is currently valued at $37.75. The cost to issue...
-
Find an online interview with a person that identifies themselves with a particular minority group in the workforce. Some examples of groups are, but not limited to: EAL, visible minorities, ethnic...
-
A wastewater treatment equipment has the following costs, interest rate and design life. Initial cost Salvage value $50000 $5000 Annual operation and maintenance Years 1-8 Years 9-25 Interest rate...
-
According to a theory of economics, government revenue can be given by the function x(x-100)(x-160) f(x)= 240 , 0 x 100, where f(x) is government revenue (in billions of dollars) from a tax rate of x...
-
An airplane starts from rest and accelerates at 1 1 . 9 9 m / s 2 . What is its speed at the end of a 5 0 0 - m runway?
-
RyZ Bhd . had entered into a contract on 1 July 2 0 2 2 to lease a building at Lot 2 0 from its owner, Shank Bhd . for five years with an option to extend the lease for another five years. On this...
-
Prepare the financial statement of the above given data ? OPERATING ACTIVITIES Cash Receipts Sales Cash Disbursements Cost of Good Sold Salaries and Wages - GenerallAdmin SSS, PHIC & HDMF - Employer...
-
Case Jeffrey Narley works for Layland & Co. (LNC), a Canadian Controlled Private Corporation (CCPC). Jeffrey, age 68, is married to Judy, who is 55. Jeffrey has a daughter from his first marriage,...
-
1) A ball mill with a gape diameter of 2.0 m and a ball diameter of 50 mm is used to grind 3.5 metric tons of granite. What is the critical speed of that mill? 2) What speed range do you recommend...
-
5. How much would you need to deposit in an account now in order to have $5,000 in the account in 5 years? Assume the account earns 2% interest compounded monthly. 10. You deposit $300 each month...
-
What are two main goals in managerial accounting for reporting on and analyzing departments?
-
Many contractors work on custom jobs that require a job order costing system. Required Access the Website AMSI.com and click on Construction Management Software, and then on STARBUILDER. Prepare a...
-
In December 2008, Bigby Companys manager estimated next years total direct labor cost assuming 100 persons working an average of 2,000 hours each at an average wage rate of $15 per hour. The manager...
-
Why is maintaining client confidentiality so important?
-
What are the three stages of a client interview?
-
What is meant by the term "active listening"?
Study smarter with the SolutionInn App