DateAccount Titles and ExplanationRef.DebitCreditMay 5Accounts Receivable5,100Service Revenue5,100(Billed for services performed)12Cash4,400Accounts Receivable4,400(Received cash in payment of account)15Cash3,800Service Revenue3,800(Received cash for services performed)Post the transactions to T-accounts and determine each account's ending balance. (Post entries in the order presented in the problemstatement.)Cash5/55/125/15Ending Bal.Accounts ReceivableService Revenue>>>>>>>

T accounts are an informal set of financial records that are prepared in accordance with double…

Answered: counts Receivable 5,100 Service Revenue…

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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Record entry for recognition of expenses and replenishment of the fund, record entry for reimbursements made by employee, record entry for petty cash found.
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Current Attempt in Progress Identify whether each of the following items would be (a) added to the book balance, or (b) deducted from the book balance in a bank reconciliation. 1. 2 3. 4. 5. EFT transfer to a supplier. Bank service charge. Check printing charge. Error recording check # 214 which was written for $260 but recorded for $620. Collection of note and interest by the bank on the company's behalf.
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7. Journalize the entries to record the following: established a petty cash fund of $350 The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, 116; Sep 1 Sep 30 postage $100. Record any discrepancy in the cash short and over account. D Focus
A $54 petty cash fund has cash of $19 and receipts of $24. The journal entry to replenish the account would include a a.credit to Petty Cash for $24. b.debit to Cash Short and Over for $11. c.credit to Cash for $54. d.debit to Cash for $19.

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counts Receivable 5,100 Service Revenue 5,100 (Billed for services performed) sh 4,400 ccounts Receivable 4,400 (Received cash in payment of account) sh 3,800 ervice Revenue 3,800 (Received cash for services performed)