Part A:Create a cash disbursement journal as in Figure 7.2 on page 158 in Plunketts Procedures for
Question:
Part A:Create a cash disbursement journal as in Figure 7.2 on page 158 in Plunkett’s Procedures for the Medical Administrative Assistant and record the transactions below. Enter the items in the disbursement journal correctly using the dates with check numbers starting at 100.
Start the form January 5, 2012 and date everything appropriately.
January 5: Establish petty cash fund for $50.
5: The doctor entertained at a dinner party and spent $50 (Kelsey’s Restaurant).
5: Paid Fed Ex $7.62 for delivery of laboratory reports.
6: Purchased letterhead and envelopes $48.29 (John’s Printing).
6: Paid January rent $400 (Johnson Reality).
7: Paid car credit card charges for gas and oil $71.65 (Randy’s Garage).
7: Paid your wages $450 and janitor’s wages $280 (Brian Jones).
8: The doctor withdrew $350 for personal use.
8: Sent cheque to Ontario Hydro for $147.
9: Made $100 contribution to the Salvation Army.
10: Paid telephone bill of $56.50 (MTS).
11: Paid Sunshine Florist $25 for roses sent to the doctor’s wife for her birthday.
12: Paid your wages $450 and janitor’s wages $280 (Brian Jones.
12: Doctor withdrew $350.
13: Submitted cheque to the Receiver General of Canada for income tax $290; employment insurance, $15.18; Canada pension $12.92.
13: reimbursed petty cash $47.41.
Part B: Use your word or excel program to create a petty cash record starting with $50.00 The petty cash journal as in Figure 7.7 page 167 in Plunkett’s Procedures for the Medical Administrative Assistant
Deduct purchases; refill cash
January 5: Bought paper clips, $1.29
6: Paid for office delivery, $1.35
8: Purchased sugar, cream, and coffee, $11.27
10: Brought stamps, $30
13: Doctor’s lunch, $3.50
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver