Delivery expenses 1350 Petrol 1070 Cash over and expenses short 80
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:3:10
ull 4G O
Not Secure – moodle.asu.edu.om
50
11
b.
Cash
5700
Cleaning
expenses
1700
Delivery
expenses
1350
Petrol
expenses
1070
Cash over and
short
80
С.
Cash
4120
Cleaning
expenses
1700
Delivery
expenses
1350
Petrol
expenses
1070
d.
1700
Cleaning expenses
Delivery expenses
Petrol expenses
1350
1070
Cash
4120
Previous page
Next page

Transcribed Image Text:3:09
ull 4G O
Not Secure – moodle.asu.edu.om
50
11
Sohar Aluminium Company
established a petty cash fund of RO
5,700 on January 1st. Assume that on
January 21, Sohar Aluminium petty
cash custodian requests a check for
RO4,120. The fund contains RO 1500
cash and petty cash receipts for
cleaning RO1,700, Product delivery
RO 1,350, and Petrol expenses
RO1,070. The general journal entry to
record the checking transaction is:
Select one:
а.
Cleaning expenses
Delivery expenses
Petrol expenses
1700
1350
1070
Cash Over and Short
80
Cash
5700
b.
Cash
5700
Cleaning
expenses
1700
Delivery
expenses
1350
Petrol
expenses
1070
Cash over and
short
80
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps

Knowledge Booster
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


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education