From the following particulars taken from the Cash Book of a health club, prepare a Receipts and Payments Account. Particulars Opening balance: Cash in Hand 5,000 Cash at Bank 25,000 Subscriptions 1,65,000 Donations 35,000  Purchased 80,000 Rent Paid 20,000 General Expenses 21,500 Postage and stationery 2,000 Courier charges 1,000 Sundry Expenses 2,500 Newspaper and magazine 12,000

Q: On November 2, 2018, Sur Resort established a petty cash fund of RO 750. On November 31, 2018, the…

A:

Q: Please see image

A: Introduction: Petty Cash Fund is Created and used for payment of small amounts of expenditures…

Q: On April 2, Granger Sales decides to establish a $290 petty cash fund to relieve the burden on…

A: Petty cash is a small quantity of money kept on hand to handle minor costs including repayments or…

Q: Concerning revenue (receipt), each of the department has cash till for receiving patients' payments.…

A: Internal controls refer to the rules, mechanisms, and actions applied by the companies to promote…

Q: Alpha Technologies provides computer maintenance services and has the following information for…

A: cash shortage and overage happens because of differences between the physical amount of cash and…

Q: Record the following transactions: • Started a petty cash fund in the amount of $400. DR [ Select ]…

A: Petty Cash Fund: The cash fund that is used to pay small expenditures in business. That is called a…

Q: Required information Use the following information for the Exercises 12 below. (Algo) Skip to…

A: Bank reconciliation is a process of matching the bank passbook balance with the cash book maintained…

Q: Petty cash fund had opening balance of RO 400. During the month the receipts were RO RO 65 staff…

A: Total of receipts  = staff welfare + petrol + office stationery + travelling = RO 65 + 195 + 75 + 55…

Q: ollowing information using a Cash T:   Schedule C Cash Receipts:  $120,000 Schedule C Cash…

A: Explanation of concept Cash account is been to keep the record of all transaction, cash receipts…

Q: 7. On 6/25 Daphne withdrew $200 from an ATM. There was a $2.50 charge for the ATM withdrawal. What…

A: Formula: Available balance = Total deposits - Withdrawal Deduction of withdrawal from total deposits…

Q: This information relates to the Cash account in the ledger of Wildhorse Company. Balance September…

A: Bank Reconciliation Statement is an account prepared to match the balances of cash book as per…

Q: Instructions The actual cash received from cash sales was $45,449 and the amount indicated by the…

A: Cash short or over= Actual cash received  from cash sales - Amount  indicated  by cash register

Q: how to put in general journal   received cash from clients on account 19,200

A: The journal entries are the method of recording transactions in an appropriate way. So that ledger,…

Q: AA Company established as petty cash fund of P15,000. Details of the PCF are as follows:…

A: When a modest sum of business money is maintained on hand to cover tiny or incidental costs,…

Q: Use Selected balances from Company’s Branch A and B are as follows: (see image below) All sales,…

A: Answer -   Part A - Branch A  Computation of Collections : Particulars Amount Trade Receivables…

Q: Required information Use the following information for the Exercises 12-13 below. (Algo) [The…

A: BANK RECONCILIATIONThe Bank Reconciliation Statement is prepared to equate the balances of cash book…

Q: On September 1, 2019, Hip Street set up a petty cash fund for $275. At the end of the first week,…

A: The petty cash is created to maintain the cash balance for day to day cash transactions of the…

Q: Bank Reconciliation Lidia has the following information from her books and her August bank…

A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…

Q: Beginning and ending accounts receivable are $76,000 and $42,000, respectively. Sales for the period…

A: The credit sales are the sales for which cash will be collected in the near future. The account…

Q: This information relates to the Cash account in the ledger of Crane Company. Balance September…

A: Ideally cash balance as per cashbook and bank balance as per bank statement must reconcile with each…

Q: Consider the three independent situations below (amounts are $ in millions): Situation…

A: Direct method:   This method uses the basis of cash for preparing the cash flows statement. In this…

Q: Home Office ordered office table and chairs worth 20,000 to be carried in branch books. The branch…

A: Head office and branch accounting is done when one office is called as head office where all…

Q: Help

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

Q: Record the following transactions: Started a petty cash fund in the amount of $300. and CR [Select]…

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

Q: Yuri Events & Party Needs Mdse. has the following transactions to record, with OR #01, Cash Register…

A: When sales value includes VAT then, the following formula is used to compute the sales value…

Q: Prepare a cash flow statement for Perfect Cover Insurance Broker and please show all the…

A: Cash flows statement is one of the financial statement which shows all cash inflows and cash…

Q: You were able to gather the following from the December 31, 2020 trial balance of PPP COMPANY: Cash…

A: Adjusted balance Adjusted balance refers to the balance which is obtained after making all the…

Q: Who is the check below written to?

A: Check is a financial instrument that instructs the bank to pay the written amount to the bearer or…

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

A: a.

Q: You are provided with a summarized version of the cash account of Lakeside Hospital, a…

A: Statement of cash (CFS) flow using direct method determines various types of cash inflows and…

Q: 1. From the tollowing particulars taken trom the Cash Book of a health club, prepare a Receipts and…

A: The receipt and payments account summarizes an organization's cash payments and receipts over the…

Q: ← Lorena's Dance Studio created a $270 imprest petty cash fund. During the month, the fund custodian…

A: A petty cash fund is a small amount of company cash that is typically kept on hand (for example, in…

Q: To record the cash payment of $10,000 against a loan owing to the bank. Please select the correct…

A: In accounting, a journal entry is the documentation of a monetary transaction or other occurrence.…

Q: After posting the journal entries to the Cash T-account, the balance in the Čash T- account should…

A: Cash T-account: It is a ledger account that carries the opening balance of cash, records debits, and…

Q: Record the following transactions: • Started a petty cash fund in the amount of $400. DR [ Select ]…

A: The petty cash fund is maintained for day to day minor cash requirements of the business.

Q: From the following particulars taken from the Cash Book of a mask club, prepare a Receipts and…

A: Receipts and Payments Account: The receipt and payments account summarizes a fiscal season's…

Q: UNIT-I (AA3EM) 18 Sundry expenses Cash Balance at close 30 20

A: Receipt and payment accounts is a statement which shows the cash receipts and cash payment by an…

Q: Prepare a Statement of cash flow from the following relevant accounts. This is the Helping Patients…

A: Cash Flow Statement (Direct Method) For the year ended December 31, 2021 Cash Flow from…

Q: Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the…

A: This is a small amount kept aside to meet the minor cash expenses of company.

Q: a. Journalize the establishment of the fund. Apr. 2 b. On April 10, the petty cash fund has receipts…

A: Person managing the Petty cash fund is called a petty cashier. There are various small expenses…

Q: record entry for petty cash found.

A: Petty cash is the cash allocated to meet the expenses related to running of affairs of the entity on…

Q: Post the differences between the cash count and the cash register tape to the Cash Short and Over T…

A: Workings:

Q: I need the answer as soon as possible

A: Answer: Whenever any amount has been issued to transfer between banks the entry is posted as: Bank…

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.