A $81 petty cash fund has cash of $25 and receipts of $59. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. debit to Cash for $25 credit to Cash Short and Over for $3 credit to Petty Cash for $59 credit to Cash for $81

Q: Post the differences between the cash count and the cash register tape to the Cash Short and Over T…

A: A ledger is a log or list of accounts that keeps track of account transfers. This is generally on…

Q: $121 petty cash fund has cash of $19 and receipts of $99. The journal entry to replenish the account…

A: Replenish of petty cash fund means reimbursement of petty cash fund.

Q: Which of the following entries records the collection of cash from cash customers?   Question 9…

A: Collection of cash from cash customers means cash is receive from sale or service.

Q: The total of settlement discount granted column in cash receipts journal will be posted to the...in…

A: Settlement discount is offered to the debtors for the prompt payment and is similar in nature as…

Q: A debit or credit memo describing entries in the company's bank account may be enclosed with the…

A: A Credit memo is given to customer by the seller who sells they goods and services to customer . IT…

Q: A. Started a petty cash fund in the amount of $250. B. Replenished petty cash fund using the…

A: Transaction  General Journal   Debit   Credit  A.  Petty Cash  $250                Cash    $250…

Q: On March 20, Concord's petty cash fund of $119 is replenished when the fund contains $6 in cash and…

A: Balance of available cash and the total expenses goes to Cash over and short Account.

Q: Issued a check to establish a petty cash fund of $550. If an amount box does not require an entry,…

A: The objective of the question is to record the transactions related to the establishment and…

Q: Post the differences between the cash count and the cash register tape to the Cash Short and Over T…

A: Workings:

Q: following transactions took place during August of the current year. Please complete the Cash…

A: Cash Payment Journal Date Doc. No. Post. Ref. Account Title General Debit Accounts Payable  Debit…

Q: Review Crane's cash receipts summary and determine the amount of any deposits not recorded by the…

A: Bank reconciliation: It implies to a process of matching the bank balance appearing as per bank's…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.