C. December 1. Wrote check to establish a petty cash fund, $200.00. Check No. 21. d. December 9. Used debit card to buy supplies, $120.00. Memorandum No. 12. e. December 14. Paid cash for insurance, using EFT, $50.00. Memorandum No. 13. f. December 18. The bank notified Bub's Gym of a dishonored check from Hawks Athletics for $50.00, with a fee of $35.00. Memorandum No. 14. g. h. i. December 27. Paid cash for electric bill, $200.00. Check No. 23. December 31. Replenished petty cash fund for Postage Expense, $15.00, Supplies Expense, 30.00, and Miscellaneous Expense, $10.00, totaling $55.00. Check No. 24. December 31. Received bank statement showing December bank service charge, $25.00. Memorandum No. 15.

C. December 1. Wrote check to establish a petty cash fund, $200.00. Check No. 21. d. December 9. Used debit card to buy supplies, $120.00. Memorandum No. 12. e. December 14. Paid cash for insurance, using EFT, $50.00. Memorandum No. 13. f. December 18. The bank notified Bub's Gym of a dishonored check from Hawks Athletics for $50.00, with a fee of $35.00. Memorandum No. 14. g. h. i. December 27. Paid cash for electric bill, $200.00. Check No. 23. December 31. Replenished petty cash fund for Postage Expense, $15.00, Supplies Expense, 30.00, and Miscellaneous Expense, $10.00, totaling $55.00. Check No. 24. December 31. Received bank statement showing December bank service charge, $25.00. Memorandum No. 15.

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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