ege Problem 8-03A a-b (Part Level Submission) (Video) Waterway Comany maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. CALCULATOR PRINTER VERSION 4 BACK NEXT Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210. 15 Replenished the petty cash fund by writing a check for $206.50. On this date, the fund consisted of $3.50 in cash and these petty cash receipts: freight-out $94.00, entertainment expense $47.00, postage expense $43.90, and miscellaneous expense $20.40. 16 Increased the amount of the petty cash fund to $305 by writing a check for $95.00. 31 Replenished the petty cash fund by writing a check for $289.00. On this date, the fund consisted of $16.00 in cash and these petty cash receipts: postage expense $140.40, entertainment expense $92.80, and freight-out $54.10. (a) 2 Your answer is partially correct. Try again. Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit Aug. 1 IPetty Cash 210 Petty Cash Cash 210 Aug. 15 Freight-Out 94 43.90 Postage Expense 47 Entertainment Expense 20,40 Miscellaneous Expense 17.3 Cash Over and Short 206.50 Cash 95 Aug. 16 : Petty Cash
ege Problem 8-03A a-b (Part Level Submission) (Video) Waterway Comany maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. CALCULATOR PRINTER VERSION 4 BACK NEXT Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210. 15 Replenished the petty cash fund by writing a check for $206.50. On this date, the fund consisted of $3.50 in cash and these petty cash receipts: freight-out $94.00, entertainment expense $47.00, postage expense $43.90, and miscellaneous expense $20.40. 16 Increased the amount of the petty cash fund to $305 by writing a check for $95.00. 31 Replenished the petty cash fund by writing a check for $289.00. On this date, the fund consisted of $16.00 in cash and these petty cash receipts: postage expense $140.40, entertainment expense $92.80, and freight-out $54.10. (a) 2 Your answer is partially correct. Try again. Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit Aug. 1 IPetty Cash 210 Petty Cash Cash 210 Aug. 15 Freight-Out 94 43.90 Postage Expense 47 Entertainment Expense 20,40 Miscellaneous Expense 17.3 Cash Over and Short 206.50 Cash 95 Aug. 16 : Petty Cash
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Problem 8-03A a-b (Part Level Submission) (Video)
CALCULATOR
PRINTER VERSION
Waterway Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August.
1 BACK
NEXT
Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210.
15 Replenished the petty cash fund by writing a check for $206.50. On this date, the fund consisted of $3.50 in cash and these petty cash receipts: freight-out $94.00, entertainment expense
$47.00, postage expense $43.90, and miscellaneous expense $20.40.
16 Increased the amount of the petty cash fund to $305 by writing a check for $95.00.
31 Replenished the petty cash fund by writing a check for $289.00. On this date, the fund consisted of $16.00 in cash and these petty cash receipts: postage expense $140.40, entertainment
expense $92.80, and freight-out $54.10.
(a)
Your answer is partially correct. Try again.
Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g.
52.75.)
Date
Account Titles and Explanation
Debit
Credit
Aug. 1
Petty Cash
210
Petty Cash
Cash
210
94
Aug. 15
Freight-Out
43.90
Postage Expense
47
Entertainment Expense
20.40
Miscellaneous Expense
17.3
Cash Over and Short
206.50
Cash
95
Aug. 16
Petty Cash
95
Cash
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