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 April 2, Granger Sales decides to establish a $370 petty cash fund to relieve the burden on…

A: Date particulars amount amount Apr 2  petty cadh $370     Cash   $370   Being cash paid…

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: a $200 petty cash fund has cash for $10 and receipts of $220. The journal entry to replenish the…

A: Despite the fact that it does not reflect the current balance, the petty cash fund account does not…

Q: 7. On May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200.…

A: The company maintains availability of small amount to pay daily expenses in the form of petty 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: A company needs to replenish its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash…

A: Petty cash fund is maintained when the number of small cash expenses are in huge number for an…

Q: Transactions for petty cash, cash short and over Cedar Springs Company completed the following…

A: Petty Cash: The money that is kept on hand at a business or firm for the purpose of making little…

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: 9. A petty cash fund was originally established with a check for $200. On August 31, which is the…

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

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: Controlling petty cash Just Hangin’ Night Club maintains an imprest petty cash hind of $150, which…

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

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: A petty cash fund was established with a $200 balance. It currently has cash of $40 and petty cash…

A: Lets understand the basics.Entity creates petty cash by moving some few amount of money into petty…

Q: s established at $100. After the first month, the cash in the petty cash box amounted to $21. The…

A: A Petty cash fund is established to take care of the daily small expenses of a firm. This is…

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

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

Q: Continue using the journal and journalize the following transaction: Mar. 31. Paid cash to replenish…

A: Journal entry means the entry in prime book with chronological order. Journal entry should have…

Q: Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the…

A: Introduction:- Journal entry is the first stage of accounting process. Journal entry used to record…

Q: Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry,…

A: Step 1 Journal is the part of the book keeping.

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: During October, Daylight Company experiences the following transactions in establishing a petty cash…

A: Various small expenses are incurred for day to day activities of the entity can be managed…

Q: petty cash fund. Di

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

Q: March 1 Established a petty cash fund of $877. March 31 The amount of cash in the petty cash fund is…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: July 1. Established a petty cash fund of $1,100. 12. The cash sales for the day, according to the…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

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: If a petty cash fund is established in the amount of $348 and contains $200 in cash and $134 in…

A: JOURNAL ENTRY FOR REPLENISHMENT :  PARTICULARS DEBIT CREDIT SUNDRY EXPENSE $134   CASH…

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: 7. On May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200.…

A: Petty Cash The cash book is the most important subsidiary book which is used to record all receipts…

Q: Transactions for petty cash, cash short and over Jeremiah Restoration Company completed the…

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

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.