Date Voucher No. Purpose Postage due Office supplies Auto repair (miscellaneous) Drawing (Joy Adams) Donation (Red Cross) Travel expenses Postage stamps Phone call Amount May 1 1. $ 3.50 2 11.00 3 43.00 25.00 10.00 7 11 15 6. 28.00 22 3.50 26 5.00 30 Donation (Boy Scouts) 20.00

Q: Prepare journal entries for Crane Company for May 1, June 1, July 1, and July 10.

A:

Q: On September 30, Hector's petty cash fund of $185 is replenished. At the time, the cash box…

A: JOURNAL ENTRIES Journal Entry is the First stage of Accounting Process. Journal Entry is the Process…

Q: Journalize the entries to record the following: Apr. 1 Established a petty cash fund of $350. 10…

A: Journal: Recording of a business transactions in a chronological order.

Q: June 1. Established a petty cash fund of $9.30. 12. The cash sales for the day, according to the…

A: Journal entries: Date General Journal Debit Credit June 1 Petty Cash $930     Cash…

Q: On June 1, Meadow Salad Dressings creates a petty cash fund with an imprest balance of $500. During…

A: The imprest fund system helps streamline small cash transactions and reduces the need for frequent…

Q: Journalize the entries to record the following: Check No. 245-13 is issued to establish a petty…

A: a. Journalize the entry to establish the petty cash fund. No. Particulars Debit Credit   Petty…

Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan.…

A: Petty Cash Petty cash is refer as the small amount of money which are used for an expenditure, where…

Q: Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $10 cash and petty…

A: Journal entries are made to record the transactions as the first process in the books of accounts…

Q: Assume that the custodian of a $465 petty cash fund has $67.50 in coins and currency plus $391.50 in…

A: The petty cash balance is maintained for day to day cash transactions of the business.

Q: On October 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During…

A: Part a ) Journal Entry to establish a petty cash fund Date Account Debit Credit Jan-01 Petty…

Q: Cedar Springs Company completed the following selected transactions during June: June 1.…

A: Date General Journal       Debit Credit                     1-Jun Petty cash       1,310…

Q: pare Journal Entry to establish Petty Cash Fund

A: Meaning of Petty Cash book: It is the subsidiary book of main cash book where all the small day to…

Q: Journalize the entries to record the following: Required: a. On March 1, check is issued to…

A: Petty cash funds are those funds which are maintained for small petty expenses of the business.…

Q: A petty cash fund was originally established with a cheque for $150. On December 31, you find the…

A: Introduction:- petty cash fund is used to pay for small expenses for everyday. Examples:- postage…

Q: the petty cash fund was replenished when there was $81 remaining and there were petty cash receipts…

A: The journal entries are prepared to record the transactions on regular basis. The petty cash fund is…

Q: Prepare journal entries for each of the following (Refer to the Chart of Accounts for exact wording…

A: Journal entries are the primary reporting of the business transactions in the books of accounts.…

Q: On October 1, 20- a check was written in the amount of $300 to establish a pet Voucher No Account…

A: Petty cash refers to a small amount of cash that is kept on hand by a business or organization to…

Q: Help

A: Petty cash fund: It is a fund established to pay insignificant amounts like postage, office supplies…

Q: petty cash fund. Di

A: 1.Establish petty cash fund 2.Record petty cash expenses 3.Replenish petty cash fund

Q: yoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: The petty cash fund is established to maintain the cash balance for day-to-day transactions of the…

Q: Prepared a $500 cheque, cashed it, and turned the proceeds and the petty cash box over to Bob…

A: Journal entry is a primary entry that records the financial transactions initially.

Q: 7.13 Manuel's petty cash box contained the following items on 30 November: Cash Expense vouchers:…

A: a) Opening Balance in the Petty Cash Fund Asset Account: To determine the opening balance in the…

Q: Petty Cash Fund Entries Journalize the entries to record the following: Check is issued to…

A: Answer a:

Q: A petty cash fund was originally established with a check for $230. On August 31, which is the…

A: Petty cash is the fund which is given to cashier to meet up the short term needs of the business. It…

Q: Using the following information, prepare the journal entries to: a. Establish a $200 petty cash…

A: a.

Q: Dance Studio created a $200 imprest petty cash fund. During he month, the fund custodian authorized…

A: The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…

Q: A petty cash fund was originally established witha cheque for $150. On December 31, you find the…

A: PETTY CASH ARE SMALL AMOUNT OF FUNDS IN THE FORM OF CASH USED FOR MAKING OUT EXPENSITURE WHERE IT IS…

Q: Christine's Dance Studio created a $400 imprest petty cash fund. During the month, the fund…

A: Step 1:Required journal entries for the petty cash funds are presented hereunder:No.DateAccounts and…

Q: 1. Prepare the journal entry to establish the petty cash fund.

A: Journal Entries are as follows:

Q: Prepare journal entries for each of the following: Question Content Area a.  Issued a check to…

A: When a petty cash fund is established, a check is issued to transfer the necessary funds from the…

Q: Transactions for Petty Cash, Cash Short and Over Cedar Springs Company completed the following…

A:

Q: CN/ MVV > Mastery Problem Instructions Tumner Excavation maintains a checking account and has…

A: Cash Book :Cash book is one of the types of subsidiary book, in which only cash related transactions…

Q: On May 1, a petty cash fund was established for $200 by the owner, Ilika Cash. The following…

A: A petty cash reserve is a limited sum of money which has been kept for the payment of expenses of…

Q: On September 1, French company has decided to initiate a petty cash fund in the amount of $800.…

A: Petty cash fund is created by the business in which little amount of cash is placed so as to meet…

Q: 4. Robinson Legal Services, Inc. established a $220 petty cash fund. During the month, the fund was…

A: Petty cash means where the separate cash book is maintained which is usually deals with the small…

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.