M/s Odin Smith & Co. Conducted the following transactions. Prepare the debit vouchers: 2020 April 1 Purchased stationary items vide Cash Memo No. 554 4,200 April 2 Purchased goods for cash vide Cash Memo No. 364 13,200
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- Marx Supply uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Journalize the following transactions that should be recorded in the cash payments journal. April 3 Purchased merchandise for $3,600 on credit from Seth, Inc., terms 2/10, n/30. 9 Issued check no. 210 to Kitt Corp. to buy store supplies for $576. 12 Sold merchandise costing $626 to C. Myrs for $1,052 on credit, terms n/30. 17 Issued check no. 211 for $1,500 to pay off a note payable to City Bank. 20 Purchased merchandise for $4,200 on credit from Lite, terms 2/10, n/30. 28 Issued check no. 212 to Lite to pay the amount due for the purchase of April 20 less the discount of $84. 29 Paid salary of $2,550 to B. Dock by issuing check no. 213. 30 Issued check no. 214 to Seth, Inc., $3,600 to pay for the April 3 purchase. CASH PAYMENTS JOURNAL Other Accounts Date Ck. No Payee Account Debited Cash Cr. Inventory Cr. Accounts Dr. Payable Dr.A $84 petty cash fund has cash of $17 and receipts of $72. The journal entry to replenish the account would include a Oa. credit to Cash Short and Over for $5 Ob. debit to Cash for $17 Oc. credit to Cash for $84 Od. credit to Petty Cash for $72What's More Activity 3.1 Compute Me 1. The cash receipts jounal of Malaya Merchandising reflected the following collections for the month of April 2019: Amount Receipt Official No. Official Receipt Customer Name Date 4,000 4171 Carl 5/2/2019 2,000 4172 Vince 5/8/2019 8,900 4173 Ryan 5/9/2019 7,800 4174 Fatima 5/25/2019 3,200 5/26/2019 4175 Cherry It is the policy of the company to deposit coliection within the following day from the date of collection. The bank statement for April 2016 revealed following deposits made: Amount 4,000 2,000 8,900 7,800 3,200 Deposit Date 5/3/2019 5/9/2019 5/10/2019 5/26/2019 5/26/2019 Required: Compute for the deposit in transit or undeposited collection as of end of April 2019. 2. For the month of May 2019, Tope Company issued the following checks as recorded in its Cash Disbursement Journal: ETET Check Date 5/2/2019 5/10/2019 5/15/2019 5/18/2019 5/30/2019 Check No Payee Jane Amount 2,000 300 1256 1257 May Nicole Kathy Perry 1528 1259 1260 4,500 8,700…
- The cash payments and purchases journals for Bill's Landscaping Co. are shown below. The accounts payable control account has an April 1, 2019, balance of $6,986, consisting of an amount owed to Augusta Sod Co. CASH PAYMENTS JOURNAL Page 38 Other Accounts Ck. Post. Accounts Payable Cash Date No. Account Debited Ref. Dr. Dr. Cr. 2019 Apr. 4 106 Augusta Sod Co. 107 Utilities Expense 6,986 6,986 Apr. 5 54 642 642 Apr. 15 108 Kimble Lumber Co. 3,644 3,644 2,872 13,502 Apr. 27 109 Schott's Fertilizer 2,872 Apr. 30 642 14,144 (V) (21) (11) PURCHASES JOURNAL Page 22 Landscaping Supplies Accounts Other Post. Payable Accounts Post. Date Account Debited Ref. Cr. Dr. Dr. Ref. Amount 2019 Apr. 3 Kimble Lumber Co. 3,644 3,644 7,807 Apr. 5 Apr. 14 Cooke Equipment Co. Equipment 18 7,807 Schott's Fertilizer 2,872 2,872 Apr. 24 Augusta Sod Co. 4,251 4,251 Apr. 29 Kimble Lumber Co. 9,091 9,091 Apr. 30 27,665 19,858 7,807 (21) (14) (V) Prepare the accounts payable subsidiary ledger, and determine that…Based on the following information, prepare the weekly entries for cash receipts from service fees and cash short and over. A change fund of $100 is maintained. Date Change Fund Cash Register Receipt Amount Actual Cash Counted General Journal June 1 $100 $330.00 $433.00 GENERAL JOURNAL 8 100 297.00 400.00 DATE ACCOUNT TITLE POST. REF. DEBIT CREDIT 15 100 233.00 331.00 22 100 302.00 396.50 2 29 100 316.00 412.00 3 Required: Prepare the weekly entries for cash receipts from service fees and cash short and over. 5 6 7 8 1,Journalise the following transactions in the books of Mr.K: 2020 March 01-Sold goods on credit to Mr.M=75,000 12th March-Purchased goods on credit from Mr.B=70,000 15th March-Sold goods for cash to Mr.D=50,000 20th March-Received from Mr.M=70,000 25th March-Paid to Mr.B=50,000
- Purchases and Cash Payments Journals Happy Tails Inc. has a September 1, 20Y4, accounts payable balance of $535, which consists of $340 due Labradore Inc. and $195 due Meow Mart Inc. Transactions related to purchases and cash payments completed by Happy Tails Inc. during the month of September 20Y4 are as follows: Sept. 4. Purchased pet supplies from Best Friend Supplies Inc. on account, $230. Sept. 6. Issued Check No. 345 to Labradore Inc. in payment of account, $340. Sept. 13. Purchased pet supplies from Poodle Pals Inc. on account, $660. Sept. 18. Issued Check No. 346 to Meow Mart Inc. in payment of account, $195. Sept. 19. Purchased office equipment from Office Helper Inc. on account, $2,245. Sept. 23. Issued Check No. 347 to Best Friend Supplies Inc. in payment of account from purchase made on September 4. Sept. 27. Purchased pet supplies from Meow Mart Inc. on account, $350. Sept. 30. Issued Check No. 348 to Jennings Inc. for cleaning expenses, $50. Happy…Purchases and Cash Payments Journals Transactions related to purchases and cash payments completed by Wisk Away Cleaning Services Inc. during the month of May 20Y5 are as follows: May 1. Issued Check No. 57 to Bio Safe Supplies Inc. in payment of account, $360. 3. Purchased cleaning supplies on account from Brite N' Shine Products Inc., $220. 8. Issued Check No. 58 to purchase equipment from Carson Equipment Sales, $3,680. 12. Purchased cleaning supplies on account from Porter Products Inc., $310. 15. Issued Check No. 59 to Bowman Electrical Service in payment of account, $180. 18. Purchased supplies on account from Bio Safe Supplies Inc., $410. 20. Purchased electrical repair services from Bowman Electrical Service on account, $150. 26. Issued Check No. 60 to Brite N’ Shine Products Inc. in payment of May 3 invoice. 31. Issued Check No. 61 in payment of salaries, $7,050. Wisk Away Cleaning Services Inc. uses the following accounts: Cash 11…R. Phometsi Ltd. Provides you with the following information.2019The imprest amount at the beginning of each is P600. However, on June 1, the pettycashier had P140 cash in hand. The main cashier re-imbursed the petty cashier to have acash float of P600.The following expenses were incurred as petty cash expenses for the month.June DIPLOMA AssignmentJanuary - June BPA612 Principles of Accounting ©BOU 2024 Page 4 of 93. Cleaning expenses P405. Taxi fare P127. Postage stamps P89. Printing expenses P2811. Pen, pencil and eraser P913. Cremora, margarine and peanut butter P42.14. Cleaning expenses P3815. Bus fare. P2417. Postage stamps P1419. Cleaning expenses P32.29. Staples P16.30. Tea, Coffee and sugar P39. Required:a) Prepare a petty cash book with analysis columns for the followings: Cleaningexpenses, General expenses, Postage, Travelling expenses and Stationery.
- Journalizing Cash Payments Lakeview Industries uses a cash payments journal. Prepare a cash payments journal using the same format and account titles as illustrated in the chapter. Record the following payments for merchandise purchased: Sept. 5 Issued Check No. 318 to Clausen Corp. for merchandise purchased August 28, $6,500, terms 2/10, n/30. Payment is made within the discount period. 12 Issued Check No. 319 to McGonigle Co. for merchandise purchased September 2, $8,000, terms 1/10, n/30. A credit memo had previously been received from McGonigle Co. for merchandise returned, $500. Payment is made within the discount period after deduction for the return dated September 8. 19 Issued Check No. 320 to Elite Systems for merchandise purchased August 19, $3,500, terms n/30. 27 Issued Check No. 321 to Glenn Falls for merchandise purchased September 17, $6,500, terms 2/10, n/30. Payment is made within the discount period. If an amount box does not require an entry, leave it…Purchases and Cash Payments Journals Happy Tails Inc. has a September 1, 20Y4 accounts payable balance of $895, which consists of $570 due Labradore Inc. and $325 due Meow Mart Inc. Transactions related to purchases and cash payments completed by Happy Tails Inc. during the month of September 20Y4 are as follows: Sept. 4. Purchased pet supplies from Best Friend Supplies Inc. on account, $385. Sept. 6. Issued Check No. 345 to Labradore Inc. in payment of account, $570. Sept. 13. Purchased pet supplies from Poodle Pals Inc., $1,110. Sept. 18. Issued Check No. 346 to Meow Mart Inc. in payment of account, $325. Sept. 19. Purchased office equipment from Office Helper Inc. on account, $3,790. Sept. 23. Issued Check No. 347 to Best Friend Supplies Inc. in payment of account from purchase made on September 4. Sept. 27. Purchased pet supplies from Meow Mart Inc. on account, $590. Sept. 30. Issued Check No. 348 to Sanders Inc. for cleaning expenses, $85. Happy Tails Inc. uses…eBook Petty Cash Transactions (Appendix 6.1) Instructions Chart of Accounts General Journal Instructions Crown Company established a petty cash fund of $600 for incidental expenditures on January 2, 2019. At the end of the month, the count of cash on hand indicated that $58.35 remained in the fund. A sorting of petty cash vouchers disclosed that the following expenses had been incurred during the month, and the fund was replenished. Postage Expense $240.40 Office Supplies Expense 170.90 Miscellaneous Expense 122.05 Required: Prepare the joumal entries necessary to record Crown's petty cash transactions during January. K Points: 8.83/ 16