Imprest Fund System Currency P1,650 Petty cash vouchers: Postage 420 Office supplies expense 900 Transportation expense 340 Computer repairs 800 Advances to office staff 1,500 A check drawn by Samantha, Inc., payable to the petty cash custodian 7,200 Postage stamps 300 An employee’s check, returned by bank, marked NSF 1,000 An envelope containing the currency of for a gift for a retiring employee 1,890 TOTAL P16,000

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

A:

Q: Description DEP Customer deposit INT Interest earned SF Service fees NOTE Note collected CHK…

A: A bank reconciliation statement is a summary of the cash balance as per the bank and as per books…

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

A: Petty cash fund is a fund maintained by the cashier in an organization to pay the regular…

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: The petty cash fund of $200 for George Company appeared as follows on December 31, 2016: Cash $59.40…

A: Petty cash represent a part of cash which the corporation held for meeting daily miscellaneous…

Q: ash $59.40 etty cash vouchers Freight in $27.60 Postage 40.00 Balloons for a special occasion 68.00

A: Petty Cash-: Petty Cash is an insignificant amount of discretionary reserves in the form of cash…

Q: 12/29 12/29 12/29 P104,000 12/29 1/02 a. 32,000 48,000 88,000 12/31 12/30 12/30 12/31 12/31 b. 1/02…

A: Bank or the book entries may be overstated or understated due to recording of the transactions on…

Q: Problem 1. Ascending Company has the following balances for the year 2018: Postage stamps 3…

A: Cash is very important current asset of the business, which needs to be reported in the balance…

Q: The petty cash fund of $260 for Marin Beauty Supply Company appeared as follows on December 31,…

A: A modest sum of money set away by a company or association for  bitsy, ongoing costs that come up…

Q: A petty cash fund was originally established with a check for $270. 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: 5. Given the following items, what amount should be reported on the balance sheet as Cash and cash…

A: Cash equivalents are short-term, highly liquid investments that can be easily converted into cash…

Q: petty cash fund f

A: The journal entries to record petty cash transactions include entries for establishment,…

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: and

A: General Journal Debit Credit Accounts receivable- employee (43.2+ 37.2 ) 80.4    Nick Teasdale,…

Q: On November 2, 2010 Resort established a petty cash fund of RO On November 31, 2018, the amount…

A: Answer: As we can see in the question that the opening balance in petty cash fund was RO 750 and the…

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: You are assigned to the petty cash count for the KURDAPIA COMPANY at December 31, 2021. The contents…

A: Petty cash fund refers to the fund which is used for paying off the little or small expenses of the…

Q: PT Angkasa which is located at Jalan Angkasa Pura No.234 Jakarta, on May 1, 2019 established a petty…

A: Petty Cash refers to cash that is required for day-to-day expenses.

Q: Servicios Múltiples JAAR, SRL created a petty cash fund for RD$2,000.00. During the month, the…

A: Petty Cash Fund: It is common for small businesses to keep a modest amount of money on hand (for…

Q: What is the correct petty cash fund balance to be reported as of December 31, 2018?

A: Petty cash is a small amount of company cash kept on hand (e.g., in a locked drawer or box) to cover…

Q: СР 7-1 The following transactions were made by Landers Corp. in March 2019. Mar. 1 Established a…

A: Petty Cash Fund Petty cash fund is used for recording the transaction of the expenses of petty…

Q: Stewart, showed the following bank reconciliation at March 31: Stewart Recording Studio   Bank…

A: Note : 1)Since bank book balance as on April 30, is not given, therefore bank statement balance is…

Q: petty Personal check drawn by the petty cash custodian 2,400 a. The entry to replenish the fund on…

A: Replenishment of Petty Cash Petty cash is a little sum of money maintained on hand to cover petty…

Q: Jan Co, established a petty cash fund The following transactions occurred in January 2022:…

A: Petty cash book is a book used to record petty cash expenditures like postage, stationary, repairs,…

Q: The following pertain to French Quarter Gifts & T-Shirts, Inc. March 31, 2020 Cash Balance Per…

A: While preparing a Bank Reconciliation, adjustments are made to Cash balance as per bank statement to…

Q: Help

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

Q: Required: Prepare the journal entry to replenish the fund at the end of September. Note: If no…

A: Petty cash is a nominal sum which is preserved in hand to cover minor expenses, such as…

Q: Examus - cdn.student.uae.examus.net/?ridbqn=1&sessi.. ACCT101_FEX_2021_2_Male +XYZ Co. maintains a…

A: Replenishment of petty cash means to refill the petty cash upto the set limit.

Q: punt in BDO coins awaiting deposit ank closed by BSP nd (including 10,000 is in the form o

A: As per rule, allowed to answer one question at a time and post the remaining in the next submission.

Q: Current Attempt in Progress On October 1, 2024, Kingbird Company establishes a petty cash fund by…

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

Q: What is the adjusted balance of the petty cash fund? What is the correct amount of cash and cash…

A: Petty cash fund is maintained for small petty expenses in the business. Cash and cash equivalent are…

Q: Bank balance: $7,651 Book balance: $10,595 Deposits in transit: $2,588 Outstanding checks: $489…

A: Bank reconciliation: Bank reconciliation is a statement which is prepared to reconcile the cash…

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

A: a.

Q: Stewart Recording Studio, owned by Ron Stewart, showed the following bank reconciliation at March…

A: Find the journal entries below for all required transactions

Q: od for the visitors wers for Gen Manager rking Fees and Toll gate fees J of employee ice supplies…

A: Petty Cash fund is a small amount of money kept for making payments like office supplies, Employee…

Q: 1. Prepare the journal entry to establish the petty cash fund.

A: Journal Entries are as follows:

Q: ROBLEM 1. 4111 Company had the following items in its "Cash and cash equivalents" account as of…

A: Hi There, Thanks for choosing Bartleby. As per the Honor code we are supposed to answer the first…

Q: A petty cash fund of 50,000 comprised of the following on June 30, 2021, the company's year- end…

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

Q: fund of Company B on January 3, 2021, the following items were found:     Currencies ₱…

A: Petty cash fund is used for meeting the office daily expenses and other petty expenses  like…

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

A: Petty cash fund is a fund maintained by the cashier of an organization for routine/miscellaneous…

Q: Tina Company has the following items at year-end. Currency and coin in safe. $4,100 Funds in…

A: Cash and cash equivalents are those items in the balance sheet that are cash and  can be readily…

Q: Blue Spruce Company established a $110 petty cash fund on August 1. On August 31, the fund had $9…

A: When a small amount is kept aside to meet minor expenses it is referred to as petty cash. This…

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…

Bank Reconciliation Statement

As a commerce student, we all know that every business has to maintain a cash book to maintain all his cash and bank transactions. A cash book is a book which has two columns, one cash column and one bank column.