C Record the following transactions.Mar5 Established a Petty Cash Fund amounting to P4,000Mar 6-25 Paid for the followingMarFood for the visitorsFlowers for Gen ManagerParking Fees and Toll gate feesIOU of employeeOffice supplies26 Replenished Petty CashPCash on hand totalled P150.0027 Increased PCF by P2,250MarMar 28-31 Paid for the followingMayniladOffice supplies1,199.00750.00201.501,000.00723.00850.00425.00April 1-22 Paid for the followingOffice suppliesRepair of equipmentIOU of employeeApril2,122.001,250.001,500.0023 Replenished petty cash fundCash on hand totalled P100.00

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

Answered: od for the visitors wers for Gen…

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 4 Assumo that tho Petty Cashier of a $400 petty cash fund has $340 in cash plus $60 in rocepts at the end of the month The entry to replonish (rembunse) the potty cash fund wil nclude A crodit to Cash for $60 O A dobit to Cash for $340 O A credit to Cash for $340 O A debit to Cash for $00
Kimmel, Financial Accounting, 8e Help I System Announcements he cash register tape indicates cash sales are $2,000 and sales taxes are $155. What journal entry is needed to record this informati ractice Question 19 000' 155 O Cash Sales Tax Expense 1,155 Sales Cash 000 0000 Sales D Cash 2,155 000 155 Sales Sales Taxes Payable D Cash 2,155 Sales 2,155 ick if you would like to Show Work for this question: Open Show Work
Petty Cash Record and Journal Entries On May 1, a petty cash fund was established for $200.00. The following vouchers were issued during May: Date Voucher No. Purpose Amount May 1 Postage due 2$ 2.90 Office supplies 11.00 5 Auto repair (miscellaneous) 43.00 4. Drawing (Joy Adams) 22.00 11 Donation (Red Cross) 11.00 15 6. Travel expenses 26.00 22 Postage stamps 3.40 26 8. Phone call 3.00 30 9. Donation (Boy Scouts) 21.00 Required: 1. Prepare the journal entry to establish the petty cash fund. Page: DOC. POST. DATE ACCOUNT TITLE DEBIT CREDIT NO. REF. 38 1 20-- May 1 21 Establish petty cash fund 4.
Use the information from the T account to journalize the transaction from the vendors perspective.
Petty Cash Fund Chart of Accounts: Cash 11 Petty Cash Fund Accounts Payable Sue Bird, Capital Sue Bird, Drawing Ashley Robinson, Capital Ashley Robinson, Drawing Income from Services 112 Exercise 1 221 311 312 313 314 On May 1 of this year, Start With Urself Clinic established a Petty Cash Fund. The following petty cash transactions took place during the month: 411 Office Supplies Expense Delivery Expense Miscellaneous Expense 511 512 513 Directions: 1. Record the disbursements of petty cash in the petty cash payments record, starting with page 6. Cashed check no. 8784 for $150.00 to establish petty cash fund and put the $150.00 in a locked drawer in the office. 20XX 1 May Bought postage stamps $13.60, voucher #5 (Miscellaneous Expense) 4 Issued voucher for taxi fare $25.50, voucher #6 Issued voucher 7 for delivery of props to WNBA Delivery Service, $13.50. 9. S. Bird withdrew $30.00 for personal use, voucher #8. 11 Bought balloons for show $15.75, voucher #9 (Office Supplies) 14…
Problem 6-3A (Algo) Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. February 2 Wrote a $350 check to establish a petty cash fund. February 5 Purchased paper for the copier for $14.75 that is immediately used. February 9 Paid $38.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. February 12 Paid $7.95 postage to deliver a contract to a client. February 14 Reimbursed Adina Sharon, the manager, $66 for mileage on her car. February 20 Purchased office paper for $68.77 that is immediately used. February 23 Paid a courier $15 to deliver merchandise sold to a customer, terms FOB destination. February 25 Paid $11.80 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These…
On March 20 whispering winds petty cash funds of $113 is replenished with the fine contains $10 in cash and receipts for postage $50 supplies $14 in travel Smith $39 prepare the injury to record the replenishment of the petty cash fund
Jone Company established a petty cash fund. 1. Established a petty cash fund of $10000 on August 2. 2. Petty cash expenses August 2-31 are Postage Supplies Transportation $1200 Misc, expense $2500 $4500 $800 3. The fund is replenished on September 1 and increased by $5000. Prepare journal entries to record Jone Company transactions under the 2 petty cash fund systems which are fluctuating fund system and imprest fund system.
ctive 4 S8-5 Journalizing petty cash Prepare the journal entries for the following petty cash transactions of Everly Gaming Supplies: Mar. 1 Established a petty cash fund with a $250 balance. The petty cash fund has $24 in cash and $235 in petty cash tickets that were issued to pay for Office Supplies ($35) and Entertainment Expense ($200). Replenished the fund and recorded the expenditures. 31 Apr. 15 Increased the balance of the petty cash fund to $300.
Problem 6-3A (Algo) Establishing, reimbursing, and increasing petty cash LO P2 Nakashima Gallery had the following petty cash transactions in February of the current year. Nakashima uses the perpetual system to account for merchandise inventory. February 2 Wrote a $350 check to establish a petty cash fund. February 5 Purchased paper for the copier for $15.75 that is immediately used. February 9 Paid $42.50 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. February 12 Paid $7.85 postage to deliver a contract to a client. February 14 Reimbursed Adina Sharon, the manager, $75 for mileage on her car. February 20 Purchased office paper for $68.77 that is immediately used. February 23 Paid a courier $17 to deliver merchandise sold to a customer, terms FOB destination. February 25 Paid $11.10 shipping charges (transportation-in) on merchandise purchased for resale, terms FOB shipping point. These…
E8.8
М. MOSS Three-column Cash Book POST DISCOUNT POST DISCOUNT DATE DESCRIPTION CASH BANK DATE DESCRIPTION CASH BANK REF ALLOWED REF RECEIVED June 1 Balance b/d 411.00 7 968.00 June 6 H. Johnson 10.00 190.00 12 Sales 400.00 8 A. Smith 26.25 498.75 28 Sundries 4.00 156.00 10 G. Skinner 32.00 608.00 29 Sundries 13.00 507.00 30 Balance c/d 1 474.00 6 671.25 17.00 1 474.00 7 968.00 68.25 1 474.00 7 968.00 July 1 Balance b/d 68.25 1 474.00 6671.25 YOU ARE REQUIRED TO: Open all relevant accounts in the Ledger and post details to Ledger accounts. Show ending balances in each account. Make sure that balances are clearly.labelled.

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od for the visitors wers for Gen Manager rking Fees and Toll gate fees J of employee ice supplies plenished Petty Cash P Cash on hand totalled P150.00 reased PCF by P2250 1,199.00 750.00 201.50 1,000.00 723.00 April Offic Rep IOU 23 Rep Cash