Activity 3: Record the following transactions of Janjan's Company in a Simp Book for the Month of March 2020. Date V. No. Particulars Amour 2020 Balance brought forward; petty cash The amount of petty expenditures for previous moth reimbursed by chief cashier Bought some liquid material for cleaning purpose Paid for van wash Bought pens and pencils Paid for fuel Paid for casual labor. Donated to SBA-a charitable institution. Jun. 1 25 Jun. 1 1 100 Jun. 5 12 Jun. 10 3 10 Jun. 13 4 Jun. 17 17 Jun. 20 27 Jun. 22 7 Jun. 30 8 Bought a broom for office

Activity 3: Record the following transactions of Janjan's Company in a Simp Book for the Month of March 2020. Date V. No. Particulars Amour 2020 Balance brought forward; petty cash The amount of petty expenditures for previous moth reimbursed by chief cashier Bought some liquid material for cleaning purpose Paid for van wash Bought pens and pencils Paid for fuel Paid for casual labor. Donated to SBA-a charitable institution. Jun. 1 25 Jun. 1 1 100 Jun. 5 12 Jun. 10 3 10 Jun. 13 4 Jun. 17 17 Jun. 20 27 Jun. 22 7 Jun. 30 8 Bought a broom for office

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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← Lorena's Dance Studio created a $270 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows: (Click the icon to view the petty cash tickets.) Data table Petty Cash Ticket No. Ticket No. 1 Ticket No. 2 Ticket No. 3 Ticket No. 4 Ticket No. 5 Account Debited Delivery of programs to customers Delivery Expense Mail package Postage Expense Printing Expense Miscellaneous Expense Office Supplies Item Newsletter Key to closet Copier paper Amount $ 30 15 35 50 75 Requirements 1. Make the general journal entry to create the petty cash fund. Include an explanation. 2. Make the general journal entry to record the petty cash fund replenishment. Cash in the fund totals $50. Include an explanation. 3. Assume that Lorena's Dance Studio decides to decrease the petty cash fund to $130. Make the general journal entry to record this decrease.
Petty Cash Fund Chart of Accounts: Cash 11 Petty Cash Fund Accounts Payable Sue Bird, Capital Sue Bird, Drawing Ashley Robinson, Capital Ashley Robinson, Drawing Income from Services 112 Exercise 1 221 311 312 313 314 On May 1 of this year, Start With Urself Clinic established a Petty Cash Fund. The following petty cash transactions took place during the month: 411 Office Supplies Expense Delivery Expense Miscellaneous Expense 511 512 513 Directions: 1. Record the disbursements of petty cash in the petty cash payments record, starting with page 6. Cashed check no. 8784 for $150.00 to establish petty cash fund and put the $150.00 in a locked drawer in the office. 20XX 1 May Bought postage stamps $13.60, voucher #5 (Miscellaneous Expense) 4 Issued voucher for taxi fare $25.50, voucher #6 Issued voucher 7 for delivery of props to WNBA Delivery Service, $13.50. 9. S. Bird withdrew $30.00 for personal use, voucher #8. 11 Bought balloons for show $15.75, voucher #9 (Office Supplies) 14…
On March 20 whispering winds petty cash funds of $113 is replenished with the fine contains $10 in cash and receipts for postage $50 supplies $14 in travel Smith $39 prepare the injury to record the replenishment of the petty cash fund
Jone Company established a petty cash fund. 1. Established a petty cash fund of $10000 on August 2. 2. Petty cash expenses August 2-31 are Postage Supplies Transportation $1200 Misc, expense $2500 $4500 $800 3. The fund is replenished on September 1 and increased by $5000. Prepare journal entries to record Jone Company transactions under the 2 petty cash fund systems which are fluctuating fund system and imprest fund system.
PA6. LO 8.5 Prepare a trial balance using the journal entries in the Problem PA5.
urrent Attempt in Progress Nancy's Cabinet Design established a petty cash fund on April 1, 2024, to facilitate the payment of small items. The following petty cash transactions were noted by the petty cash custodian during the month of April 2024: Apr. 1 10 15 Received cash of $205 to establish the petty cash fund. The petty cash fund was replenished when there was $80 on hand and the following receipts: a) $32 for supplies b) $52 for freight in charges c) $27 for postage The petty cash fund was increased to $246
View Policies Current Attempt in Progress Blue Spruce Company established a $110 petty cash fund on August 1. On August 31, the fund had $9 cash remaining and petty cash receipts for postage $41, office supplies $24, and miscellaneous expense $34. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31. (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 e Textbook and Media Debit Credit
A B C D E G H 1 Wyoming Restoration Company completed the following selected transactions during July 2021: 2 3 4 5 6 7 8 9 10 7/21/21 11 7/21/21 12 7/22/21 13 e. A check 14 7/30/21 15 16 17 Prepare all journal entries associated with the petty cash account. 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 7/1/21 Established a petty cash fund. Receipts for the following: Store supplies 7/3/21 7/7/21 7/9/21 Delivery charges on merchandise sold Office supplies 7/13/21 Office supplies 7/19/21 Postage stamps Repair to fax machine Repair to office file cabinet lock Postage due on special delivery letter Delivery charges on merchandise sold Office supplies 7/31/21 Petty cash on hand 7/1/21 Petty Cash Cash 7/31/21 Delivery Expense $ 1,030 $ 247 Office Supplies Expense $ 184 Store Supplies Expense $ 113 Misc Office Expense $ 278 $ 143 $ 15 Postage Expense Cash Over & Short Cash $ 1,030 $ GA 980 $ $ GA GA GA GA GA GA GA GA GA GA GA $ $ $ $ $ $ $ $ $ F 1,030 113 165 72 82 87 206 72 56 82 30 50 I…
R. Phometsi Ltd. Provides you with the following information.2019The imprest amount at the beginning of each is P600. However, on June 1, the pettycashier had P140 cash in hand. The main cashier re-imbursed the petty cashier to have acash float of P600.The following expenses were incurred as petty cash expenses for the month.June DIPLOMA AssignmentJanuary - June BPA612 Principles of Accounting ©BOU 2024 Page 4 of 93. Cleaning expenses P405. Taxi fare P127. Postage stamps P89. Printing expenses P2811. Pen, pencil and eraser P913. Cremora, margarine and peanut butter P42.14. Cleaning expenses P3815. Bus fare. P2417. Postage stamps P1419. Cleaning expenses P32.29. Staples P16.30. Tea, Coffee and sugar P39. Required:a) Prepare a petty cash book with analysis columns for the followings: Cleaningexpenses, General expenses, Postage, Travelling expenses and Stationery.
On May 1, a petty cash fund was established for $200. The following vouchers were issued during May. Date Voucher Purpose Amount May 1 1 Office supplies $ 3.00 3 2 Birthday gift for office worker (misc. exp.) 15.00 5 3 Mileage reimbursement 5.00 7 4 Postage due 2.00 8 5 Office supplies 4.00 11 6 Donation—Goodwill (contribution exp.) 10.00 15 7 Telephone call (telephone exp.) 5.00 21 8 Mileage reimbursement 11.00 23 9 Withdrawal by owner (Carla Sanchez) 20.00 25 10 Postage due 3.50 26 11 Office supplies 17.00 28 12 Copier repair (misc. exp.) 18.50 Required: 1. Prepare the journal entry to establish the petty cash fund on May 1. 2. Record the vouchers in the petty cash record. Total and rule the petty cash record. 3. Prepare the journal entry to replenish the petty cash fund. Make…
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