Homework Help is Here – Start Your Trial Now!
Business
Accounting
Conway Designs established a $150 petty cash fund on October 1, 2023. Prepare the entry to replenish the fund at the end of each of the following months of activity: a. The petty cash box contained $17 on October 31 along with receipts for $73 for cleaning. $19 for postage, and $34 for delivery expense. b. On November 30, the petty cash box contained only two receipts, for a $58 computer repair and a $72 entertainment expense. The petty cash custodian counted cash remaining of $23. c. The petty cash box contained $14 on December 31 plus receipts for $28 for gas expense, $74 for office supplies, and $34 for entertainment expense. In addition to replenishing the fund, it was increased by $55. View transaction list Journal entry worksheet 1 2 3 Record to reimburse the fund. Date Oct 31, 2023 Note: Enter debits before credits. General Journal Debit Credit

Conway Designs established a $150 petty cash fund on October 1, 2023. Prepare the entry to replenish the fund at the end of each of the following months of activity: a. The petty cash box contained $17 on October 31 along with receipts for $73 for cleaning. $19 for postage, and $34 for delivery expense. b. On November 30, the petty cash box contained only two receipts, for a $58 computer repair and a $72 entertainment expense. The petty cash custodian counted cash remaining of $23. c. The petty cash box contained $14 on December 31 plus receipts for $28 for gas expense, $74 for office supplies, and $34 for entertainment expense. In addition to replenishing the fund, it was increased by $55. View transaction list Journal entry worksheet 1 2 3 Record to reimburse the fund. Date Oct 31, 2023 Note: Enter debits before credits. General Journal Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Please help me 

Conway Designs established a $150 petty cash fund on October 1, 2023. Prepare the entry to replenish the fund at the end of each of the following months of activity: a. The petty cash box contained $17 on October 31 along with receipts for $73 for cleaning. $19 for postage, and $34 for delivery expense. b. On November 30, the petty cash box contained only two receipts, for a $58 computer repair and a $72 entertainment expense. The petty cash custodian counted cash remaining of $23. c. The petty cash box contained $14 on December 31 plus receipts for $28 for gas expense. $74 for office supplies, and $34 for entertainment expense. In addition to replenishing the fund, it was increased by $55. View transaction list Journal entry worksheet 1 2 3 Record to reimburse the fund. Note: Enter debits before credits. Date Oct 31, 2023 General Journal Debit Credit
Transcribed Image Text:Conway Designs established a $150 petty cash fund on October 1, 2023. Prepare the entry to replenish the fund at the end of each of the following months of activity: a. The petty cash box contained $17 on October 31 along with receipts for $73 for cleaning. $19 for postage, and $34 for delivery expense. b. On November 30, the petty cash box contained only two receipts, for a $58 computer repair and a $72 entertainment expense. The petty cash custodian counted cash remaining of $23. c. The petty cash box contained $14 on December 31 plus receipts for $28 for gas expense. $74 for office supplies, and $34 for entertainment expense. In addition to replenishing the fund, it was increased by $55. View transaction list Journal entry worksheet 1 2 3 Record to reimburse the fund. Note: Enter debits before credits. Date Oct 31, 2023 General Journal Debit Credit
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Accounting for Cash and cash equivalents
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS