Halle's Berry Farm establishes a $400 petty cash fund on September 4 to pay for minor cash expenditures. The fund is replenished at the end of each month. At the end of September, the fund contains $315 in cash. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items:           Entertainment for office party (petty cash) $ 85   Lawn maintenance (credit card)   115   Postage (credit card)   70   Fuel for deliveries (credit card)   80       Required: Record the establishment of the petty cash fund on September 4. Record credit card expenditures during the month. The credit card balance is not yet paid. Record petty cash expenditures during the month. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)

Q: Prepared a company check for $400 to establish the petty cash Prepared a company check to replenish…

A: Petty cash fund is that fund which is established for small petty expenses in the business. Imprest…

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: replenish the petty cash fund at the end of January.

A: Petty cash fund is prepared by companies to cover minor expenditures of business. It is an asset…

Q: Kingery Ltd. maintains a balance of $3,000 in its petty cash fund for routine purchases such as…

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

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: On January 1, 2020, Jonas Company established a petty cash fund of $500. By March 31, 2020, when the…

A: Establishment of Petty Cash FundOn January 1, 2020, Jonas Company established a petty cash fund of…

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: On June 1, Cool Salad Dressings creates a petty cash fund with an imprest balance of $350. During…

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

Q: Fresh Foods established a petty cash fund of $85 on January 2. On January 31, the fund contained…

A: A petty cash fund is established by a company for petty expenses. This is done to pay for day-to-day…

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: following cash payments Maintenance expense oftice supplies Transportation expense $24.90 33.20 16.0…

A: Revenue-Expenses=Net Income

Q: Domestic

A: Journal Entries for Kiona Company's Petty Cash FundMay 1 - Establish the FundPetty Cash ($350.00)…

Q: Nosh Company maintains a petty cash fund for small expenditures. These transactions occurred during…

A: Day to day expenses of an company was managed by keeping effective petty cash fund in which all the…

Q: Corbett Corp. set up a $500 petty cash fund on October 1, 2022. They replenish the petty cash fund…

A: Petty Cash book is a small cash book that many companies maintain to record small day-to-day…

Q: AB Ltd. established a petty cash fund for $530. It replenishes the fund at the end of each month…

A: A petty cash fund is a modest sum of money set aside by a firm to address tiny, day-to-day costs…

Q: Moccasin Company maintains a Petty Cash Fund. The beginning balance of the fund in the month of…

A: Balance = Beginning Balance of Fund - Total Payments

Q: The following petty cash transactions were made by the Freeman Corporation during the month…

A: Petty cash is used by the company to meet day to day small expenses.

Q: A company establishes a petty cash fund for $480. By the end of the month, employees had made the…

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

Q: Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows…

A: The question is based on the concept of Financial Accounting.

Q: During the month a company paid $27 for office supplies and $13 for miscellaneous expenses from the…

A: Fund used=Office supplies+Miscellaneous=$27+$13=$40

Q: Kiona Company set up a petty cash fund for payments of small amounts. The following transactions…

A: May 1. The establishment of the petty cash fund is recorded as debit to Petty Cash Fund and credit…

Q: ona Company set up a petty cash fund for payments of small amounts. The following transactions…

A: Petty Cash Book -An accounting book called a petty cash book is used to track tiny, low-value cash…

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

A: a.

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: Awy Company has a petty cash fund for small expenses. The following transactions occurred over a…

A: Petty cash is a nominal amount that is readily accessible for paying expenses too small by writing a…

Q: Kiona Company set up a petty cash fund for payments of small amounts. The following transactions…

A: Petty cash fund is a small amount of cash that a business keeps aside to pay for minor, everyday…

Q: Ovy Inc. established a $175 petty cash fund on August 15, 2012. On August 31, 2012, the fund…

A: Petty cash is the statement prepared in order to keep a record of miscellaneous expenditures…

Q: Pelcher Company maintains a $500 petty cash fund. On January 31, the fund is replenished. The…

A: Petty cash fund is the cash kept aside for petty/ small expenses. Petty cash is replenished by…

Q: Sheridan Company maintains a petty cash fund for small expenditures. These transactions occurred…

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

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

A: Journal entry is a process of recording and classifying business transactions into books of accounts…

Q: DATE June 1 June 5 June 8 June 15 June 22 June 25 June 29 June 30 Required: TRANSACTIONS Issued…

A: A petty cash fund is a small amount of cash that a company sets aside to cover minor expenses or…

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.