Whispering Winds Corp. uses an imprest petty cash system. The fund was established on March 1...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Whispering Winds Corp. uses an imprest petty cash system. The fund was established on March 1 with a balance of $120. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamps $32 7 2 Freight-Out 19 9 3 Miscellaneous Expense 13 11 4 Travel Expense 38 14 5 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the fund was increased to $190. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when 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 Debit Credit Whispering Winds Corp. uses an imprest petty cash system. The fund was established on March 1 with a balance of $120. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Amount 3/5 1 Stamps $32 7 2 Freight-Out 19 9 3 Miscellaneous Expense 13 11 4 Travel Expense 38 14 5 Miscellaneous Expense The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the fund was increased to $190. Journalize the entries in March that pertain to the operation of the petty cash fund. (Credit account titles are automatically indented when 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 Debit Credit
Expert Answer:
Related Book For
Accounting Principles
ISBN: 978-0470534793
10th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
Students also viewed these accounting questions
-
Rashida Company uses an imprest petty cash system. The fund was established on March 1 with a balance of $100. During March, the following petty cash receipts were found in the petty cash box. The...
-
The Supplies account began the year with a balance of $380. During the year, supplies in the amount of $980 were purchased. At the end of the year (December 31), the inventory of supplies on hand was...
-
In Problems 1158, perform the indicated operation, and write each expression in the standard form a + bi. 6i 3 - 4i 5
-
Find the upper confidence limit for parts ac of Exercise 7.42. In Exercise a. n = 21; a = 0.05; s2 = 16 b. n = 16; a = 0.05; s = 8 c. n = 28; a = 0.01; s = 15
-
Steam at 1 MPa and 300C is throttled adiabatically to a pressure of 0.4 MPa. If the change in kinetic energy is negligible, the specific volume of the steam after throttling is (a) 0.358 m3/kg (b)...
-
Consider the heat treating data in Table B.12. Split the data into prediction and estimation data sets. a. Fit a model to the estimation data set using all possible regressions. Select the minimum...
-
Clothes, Inc., has an average annual demand for red, medium polo shirts of 25,000 units. The cost of placing an order is $80 and the cost of carrying one unit in inventory for one year is $25....
-
gure AV ww 202 50 www 15 V +51 Part A In (Figure 1), what is the current in the wire to the right of the junction? Suppose that AV = 6 V. Express your answer as an integer and include the appropriate...
-
For each of the following activities, identify the primary function that the accountant is performingscorekeeping, attention directing, or problem solvingand explain why it best fits that category....
-
Be Wise is an insurance firm that helps people save money for retirement and health purposes. It markets its health and life insurance products with a tag line "save for future." Be Wise is trying to...
-
Negligence in Healthcare Choose a contemporary example of medical negligence in healthcare. You can begin by visiting the Internet Resources provided by your textbook , journals, case studies, as...
-
How did the reading in Walking with the Poor (Myers) change your view of poverty? Seeing the causes of poverty from a new perspective may also change how you see economic development! What do you...
-
Building on rational choice theory, traditional view focuses more narrowly on the buyer and the immediate antecedents and consequences of the purchasing process suggesting that consumers are...
-
In recent years, many companies have been creating service-added competitive strategies to their product offerings. What is the main benefit of this approach? 1 It provides customers with access to...
-
A gear with a radius of 9.0 inches makes 15 revolutions every four seconds. Find the linear and angular velocities of a point on the outer edge of the gear. Give your answers in both exact and...
-
what could be the main objectives of a research report on decision making when laying off or termination of employees in a telecommunications company?
-
F.(3e* -2x 3 sin(2x)) is equal to 2 3 Cos 8. IT 3, t (4+@ 2 3, 1+o 1 4 Cos 4 4 1 3. 1 +4cos V7 (1+o 4 1 4 Cos 4 1+0 4-
-
DeVito Company accepts both its own credit cards and national credit cards. What are the advantages of accepting both types of cards?
-
The partners in Tallis Company decide to liquidate the firm when the balance sheet shows the following. The partners share income and loss 5 : 3 : 2. During the process of liquidation, the...
-
Michelle Dawan recently opened her own basketweaving studio. She sells finished baskets in addition to the raw materials needed by customers to weave baskets of their own. Michelle has put together a...
-
On June 14, 1988, Thomas John Heck Jr. executed a note promising to pay Paul D. Heck \($51,000\) at 7 percent interest compounded annually. The note contains the following payment terms: Perpetual 90...
-
Priscilla Webster was dining at her favorite Massachusetts seafood restaurant when matters went horribly wrong. She began choking on a fishbone that had been lurking in her seafood chowder. After a...
-
Plaintiff purchased stain and paint from defendant that, upon application, presented significant issues: discoloration and cracking. These issues became apparent 30 days after receipt of the...
Study smarter with the SolutionInn App