The petty cash fund of Fonzarellis Auto Repair Service, a sole proprietorship, contains the following. The general
Question:
The general ledger account Petty Cash has a balance of $300.
Instructions
Prepare the journal entry to record the reimbursement of the petty cashfund.
Transcribed Image Text:
1. Coins and currency 2. Postage stamps 3. An l.O.U. from Richie Cunningham, an $15.20 2.90 employee, for cash advance 40.00 4. Check payable to Fonzarelli's Auto Repair from Pottsie Weber, an employee, marked NSF 34.00 5. Vouchers for the following: Stamps Two Rose Bowl tickets for Nick Fonzareili Printer cartridge $ 20.00 170.00 14.35 204.35 $296.45
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 33% (6 reviews)
Accounts Receivable x Employees 7400 4000 3400 Nick Fo...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
Question Posted:
Students also viewed these Accounting questions
-
The petty cash fund of the Wee Ones Agency was established on May 1, 2014, at $75. At the end of the month, the fund contained $12.74 and had the following receipts: film rentals, $19.40;...
-
The petty cash fund of Rifts Dress Shop, a sole proprietorship, contains the following. The general ledger account Petty Cash has a balance of $200. Instructions Prepare the journal entry to record...
-
The following data pertain to the petty cash fund of Stanton Company: 1. The petty cash fund was established on an imprest basis at $250 on March 1. 2. On March 31, a physical count of the fund...
-
Suppose that triangle ABC is a right triangle with a right angle at C and hypotenuse c. Also note that a is the length of the side opposite angle A and b is the length of the side opposite angle B....
-
Consider a project to supply 100 million postage stamps per year to the U.S. Postal Service for the next five years. You have an idle parcel of land available that cost $850,000 five years ago; if...
-
In Problem match each equation with the correct graph among those labeled (a)(h) by recognizing shapes and features of polynomial and rational functions. Use a graphing utility to confirm your...
-
Two small, irregularly shaped conducting objects, one carrying charge \(+q\) and one carrying charge \(-q\), are placed on an \(x\) axis at \(x=-4.0 \mathrm{~m}\) and \(x=+4.0 \mathrm{~m}\),...
-
Munoz Sporting Equipment manufactures baseball bats and tennis rackets. Department B produces the baseball bats, and Department T produces the tennis rackets. Munoz currently uses plant wide...
-
The price of a car you want is $39,000 today. Its price is expected to increase by $1000 each year. You now have $23,500 in an investment account, which is earning 11% per year. How many years will...
-
A type of level indicator incorporates four hemispherical cups with open fronts mounted as shown in Fig. 17.13. Each cup is 25 mm in diameter. A motor drives the cups at a constant rotational speed....
-
Carolyn Keene, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April...
-
Angela Lansbury Company deposits all receipts and makes all payments by check. The following information is available from the cash records. Instructions (a) Prepare a bank reconciliation going from...
-
Give equations of parabolas. Find each parabolas focus and directrix. Then sketch the parabola. Include the focus and directrix in your sketch. y = -8x 2
-
Each contains three of the six items 1 through 6. Here is a collection of twelve baskets. {1,2,3} {2,3,4} {3,4,5} {4,5,6} (1,3,5} {2,4,6} {1,3,4} {2.4,5} (3,5,6} {1,2,4} {2,3,5} {3,4,6} (1) Suppose...
-
write legal brief of Constitutional Law that in topic of business. How and where I find these cases ? and also how narrow my search to topic of Constitutional Law
-
Software defects can occur in the early stages (development life cycle stage) or later stages (operation-maintenance stage) of the software project life cycle. Discuss the likely causes of software...
-
1. Given a vector A = (-3, sqrt {3}), find the magnitude and direction of vector A. 2. Vector A has a magnitude of 4 and a direction of 60 and vector B has a magnitude of 8 and a direction of 300....
-
Find the missing lengths. 1. 22 60 2. 33 3. 143 3 30 m
-
Suppose you want to implement fast-forward and reverse for MPEG streams. What problems do you run into if you limit your mechanism to displaying I frames only? If you do not, then to display a given...
-
Doorharmony Company makes doorbells. It has a weighted- average cost of capital of 5% and total assets of $ 5,900,000. Doorharmony has current liabilities of $ 750,000. Its operating income for the...
-
Evaluate the following: (a) sin (d) sin - 1 2 3 2 (b) cos (-1) (e) cos 3 2 (c) tan- (-1) (f) tan 3
-
What is the difference between a perpetual inventory and a physical inventory? If a company maintains a perpetual inventory, should its physical inventory at any date be equal to the amount indicated...
-
What is the difference between a perpetual inventory and a physical inventory? If a company maintains a perpetual inventory, should its physical inventory at any date be equal to the amount indicated...
-
What is the difference between a perpetual inventory and a physical inventory? If a company maintains a perpetual inventory, should its physical inventory at any date be equal to the amount indicated...
-
(i) When should a firm cut dividend pay out rate and increase retention rate to maximize share price? (ii) How can the dividend-discount model handle changing growth rates?
-
November 2021 (actual) December 2021 (budgeted) January 2022 (budgeted) Cash sales $ 80.000 Credit sales Total sales 240,000 $320,000 $100,000 360,000 $460,000 $ 60,000 180,000 $240,000 Management...
-
A firm has 200 shareholders, you among them. Each shareholder owns $20 worth of sto addition, Mr. Hostile owns 50 shares (for a firm total of 250 shares) and is trying to fi management. In an attempt...
Study smarter with the SolutionInn App