Journalize the entries to record the following: March 1 Established a petty cash fund of $877. March 31 The amount of cash in the petty cash fund is now $742. The fund is replenished based on the following receipts: office supplies, $33 selling expenses, $111. Record any discrepancy in the cash short and over account. If an amount box does not require an entry, leave it blank. Mar. 1   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6 Mar. 31   fill in the blank 8 fill in the blank 9     fill in the blank 11 fill in the blank 12     fill in the blank 14 fill in the blank 15     fill in the blank 17 fill in the blank 18

Q: Square one invitations has its head office in downtown designer Saskatchewan the employees at this…

A: Employers can provide qualified parking benefits to their employees as a tax-free fringe benefit.…

Q: A $195 petty cash fund has cash of $20 and receipts of $161. The journal entry to replenish the…

A: Journal entry is a process of recording business transactions in the books of accounts for the first…

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: On March 20, Coronado's petty cash fund of $120 is replenished when the fund contains $5 in cash and…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: On April 2, Granger Sales decides to establish a $370 petty cash fund to relieve the burden on…

A: Date particulars amount amount Apr 2  petty cadh $370     Cash   $370   Being cash paid…

Q: Journalize the entries to record the following: Apr. 1 Established a petty cash fund of $350. 10…

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

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: March Transactions: Mar. 1 Established a petty cash fund of $856.   31 The amount of cash in the…

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

Q: On July 1 AAA Company established a petty cash fund with $20o. During the first 15 days of July…

A: Solution: (1). Date Particulars Debit Credit July 1  Petty Cash 200           Cash   200

Q: A petty cash fund was established with a $525 balance. It currently has cash of $65 and petty cash…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: Journalize the entries to record the following: Check No. 245-13 is issued to establish a petty…

A: a. Journalize the entry to establish the petty cash fund. No. Particulars Debit Credit   Petty…

Q: A $102 petty cash fund contains $90 in petty cash receipts, and $7 in currency and coins. Which of…

A:

Q: Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following…

A: A bank reconciliation statement is a financial document that reconciles the bank statement balance…

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: D. On September 29, the company determined that the petty cash fund needed to be increased lU E. On…

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

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

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

Q: Petty Cash Fund Prepare journal entries for each of the following: a. Issued a check to establish a…

A: A petty cash fund account is maintained by an organization and different departments of the…

Q: $121 petty cash fund has cash of $19 and receipts of $99. The journal entry to replenish the account…

A: Replenish of petty cash fund means reimbursement of petty cash fund.

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: A $114 petty cash fund has cash of $16 and receipts of $91. The journal entry to replenish the…

A: Petty cash fund is a type of fund set aside by a company to meet daily expenses of the company.…

Q: May 1 Prepared a company check for $350 to establish the petty cash fund. ay 15 Prepared a company…

A: Petty cash : Petty cash is the money which a company or any business keeps on hand for making small…

Q: A. Started a petty cash fund in the amount of $450. B. Replenished petty cash fund using the…

A: Petty cash fund is that fund which is established for the purpose of paying very small or petty…

Q: A $180 petty cash fund has cash of $20 and receipts of $146. Which of the following would be part of…

A: Cash Need to Replenish to Petty Cash Fund = Amount of Fund to Be - Cash Receipts - Amount of Cash…

Q: 1. Brooks Agency set up a petty cash fund for $260. At the end of the current period, the fund…

A: The petty cash fund is used for different small expenses and is replenished every month. it helps to…

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: Petty Cash Fund Prepare journal entries for each of the following. For a compound transaction, if an…

A: a. Record entry to issue petty cash fund as shown below:

Q: 9. A petty cash fund was originally established with a check for $200. On August 31, which is the…

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

Q: I NEED HELP WITH PART 3 1.  Journalize the selected transactions. Assume 360 days per year. If no…

A: Bank Reconciliation Statement (BRS) BRS is prepared to reconcile the difference between the Bank…

Q: Journalize the entries to record the following: Check is issued to establish a petty cash fund of…

A: Working Notes: calculation of short cash = Petty cash Fund - Closing Balance of Petty cash -…

Q: Controlling petty cash Just Hangin’ Night Club maintains an imprest petty cash hind of $150, which…

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

Q: Journalizing petty cash Prepare the journal entries for the following petty cash transactions of…

A: Date Account Titles and Explanation Debit Credit March 1 Petty cash $250                 Cash…

Q: Journalize the entries to record the following: Required: a. On March 1, check is issued to…

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

Q: On July 1, a petty cash fund was established for $100. The following vouchers w Date Voucher No.…

A: Petty cash is a small sum of money that can be used to pay for little expenses that don't require a…

Q: Instructions Based on the following information, prepare the weekly entries for cash receipts from…

A: Cash short and over refers to the difference between the amount of cash that should be on hand…

Q: Nakashima Gallery had the following petty cash transactions in February of the current year.…

A: A petty Cash Fund is a small amount of cash that is often kept for day-to-day expenses of the…

Q: Calculator A $150 petty cash fund has cash of $54 and receipts of $83. The journal entry to…

A: Option b is the answer

Q: A petty cash fund was originally established with a cheque for $150. On December 31, you find the…

A: Introduction:- petty cash fund is used to pay for small expenses for everyday. Examples:- postage…

Q: the petty cash fund was replenished when there was $81 remaining and there were petty cash receipts…

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

Q: A petty cash fund was established with a $200 balance. It currently has cash of $40 and petty cash…

A: Lets understand the basics.Entity creates petty cash by moving some few amount of money into petty…

Q: ournalize the entries to record the following: Required: a. On March 1, check is issued to establish…

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

Q: On March 20. Sheffield's petty cash fund of $114 is replenished when the fund contains $7 in cash…

A: Petty cash means where a separate cash book is maintained which usually deals with a small amount of…

Q: A $146 petty cash fund has cash of $23 and receipts of $131. The journal entry to replenish the…

A: Petty cash is a small amount of money, kept for meeting minor expenses, which are too small to be…

Q: Continue using the journal and journalize the following transaction: Mar. 31. Paid cash to replenish…

A: Journal entry means the entry in prime book with chronological order. Journal entry should have…

Q: Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the…

A: Introduction:- Journal entry is the first stage of accounting process. Journal entry used to record…

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.