II just need help with the cash over and short and the cash for may 31please answer do not image format. May 1 Prepared a company check for $350 to establish the petty cash fund.May 15 Prepared a company check to replenish the fund for the following expenditures made since May 1.May 15 a. Paid $109.20 for janitorial expenses.May 15 b. Paid $89.15 for miscellaneous expenses.May 15 c. Paid postage expenses of $60.90.May 15 d. Paid $80.01 to Facebook for advertising expense.May 15 e. Counted $26.84 remaining in the petty cashbox.May 16 Prepared a company check for $200 to increase the fund to $550.May 31 The petty cashier reports that $385.27 cash remains in the fund. A company check is drawn to replenish the fundfor the following expenditures made since May 15.May 31f. Paid postage expenses of $59.10.May 31 g. Reimbursed the office manager for mileage expense, $47.05.May 31 h. Paid $48.58 in delivery expense for products to a customer, terms FOB destination.May 31 The company decides that the May 16 increase in the fund was too large. It reduces the fund by $50, leaving atotal of $500.Required:Prepare journal entries to establish the fund on May 1, to replenish it on May 15 and on May 31, and to reflect any increase or decreasein the fund balance on May 16 and May 31. (Round your answers to 2 decimal places.)No1234DateMay 01May 15May 16May 31Petty cashCashJanitorial expensesMiscellaneous expensesPostage expensesAdvertising expenseCash over and shortCashPetty cashCashPostage expensesMileage expenseDelivery expenseCash over and shortCashAnswer is not complete.General Journal< Prev1 of 6#♥333333✓✔♥✓●●●●● ●●Next >Debit350.00✔3333109.20✔89.1560.90✔80.01✔200.00✔59.10✔47.05✔48.58✔CreditReturn to question350.0016.10323.16200.00✔

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

May 1 Prepared a company check for $350 to establish the petty cash fund. ay 15 Prepared a company check to replenish the fund for the following expenditures made since M ay 15 a. Paid $109.20 for janitorial expenses. ay 15 b. Paid $89.15 for miscellaneous expenses. ay 15 c. Paid postage expenses of $60.90. ay 15 d. Paid $80.01 to Facebook for advertising expense. ay 15 e. Counted $26.84 remaining in the petty cashbox. ay 16 Prepared a company check for $200 to increase the fund to $550. ay 31 The petty cashier reports that $385.27 cash remains in the fund. A company check is drawn for the following expenditures made since May 15. ay 31 f. Paid postage expenses of $59.10. ay 31 g. Reimbursed the office manager for mileage expense, $47.05. ay 31 h. Paid $48.58 in delivery expense for products to a customer, terms FOB destination. ay 31 The company decides that the May 16 increase in the fund was too large. It reduces the fun

May 1 Prepared a company check for $350 to establish the petty cash fund. ay 15 Prepared a company check to replenish the fund for the following expenditures made since M ay 15 a. Paid $109.20 for janitorial expenses. ay 15 b. Paid $89.15 for miscellaneous expenses. ay 15 c. Paid postage expenses of $60.90. ay 15 d. Paid $80.01 to Facebook for advertising expense. ay 15 e. Counted $26.84 remaining in the petty cashbox. ay 16 Prepared a company check for $200 to increase the fund to $550. ay 31 The petty cashier reports that $385.27 cash remains in the fund. A company check is drawn for the following expenditures made since May 15. ay 31 f. Paid postage expenses of $59.10. ay 31 g. Reimbursed the office manager for mileage expense, $47.05. ay 31 h. Paid $48.58 in delivery expense for products to a customer, terms FOB destination. ay 31 The company decides that the May 16 increase in the fund was too large. It reduces the fun

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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QUESTION 9 Assume thst the Polty Casdwor of a $400 potty cash fund has $40 in canh phs So0 in recopts at the end of then monh The entry to replereh mburse) the petty cns fund wi wude O A dobt to Cash for $00 O A crede to Cash for S00 O Ac to Cash for S40 O Adebit lo Cash kor $340
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Ghadna Al Maskari Section 1/ Midterm 1 Resit Exam What Petty Cash involves, choose the best answer: t of Select one: estion a. Borrow the fund, making payment and replenish the fund O b. Establishing the fund, making payment and replenish the fund O c. Establishing the fund, making check payment and never replenish the fund O d. Establishing the fund, making check payment and replenish the fund s page
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What is the journal entry to replenish the petty cash fund if expenses were Auto Expenses $75, Office Expenses $25, Postage $11. and cash on hand is $389. The Petty Cash fund started with $500. Edit View Insert Format Tools Table |BIUAv eu Ti v|: 12pt v Paragraph v hp 16 fa 19 ho 144 IOI 4 00
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3:12 ull 4G O Not Secure - moodle.asu.edu.om 50 11 P Flag question Which one of these principles is considered for cash disbursement control: Select one: a. Rarely compare checks to invoices b. Print check amount by machine c. Same staff approve and make payment d. Reconcile bank statement annually Previous page Next page ( Recievable Practice Problems Answers Jump to...