On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,300. A. On June 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $368, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $138. B. On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $95, Postage Expense $240, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $180. C. On June 23, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $254, Supplies $188, Postage Expense $263, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $190. D. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000. E. On June 30, the petty cash fund needed replenishment as it was month-end. The following are the receipts: Auto Expense $114, Supplies $80, Postage Expense $50, Repairs and Maintenance Expense $121, Miscellaneous Expense $39. The cash on hand at this time was $598. Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank. June 5   fill in the blank 2 fill in the blank 3     fill in the blank 5 fill in the blank 6     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     fill in the blank 20 fill in the blank 21 June 14   fill in the blank 23 fill in the blank 24     fill in the blank 26 fill in the blank 27     fill in the blank 29 fill in the blank 30     fill in the blank 32 fill in the blank 33     fill in the blank 35 fill in the blank 36     fill in the blank 38 fill in the blank 39     fill in the blank 41 fill in the blank 42 June 23   fill in the blank 44 fill in the blank 45     fill in the blank 47 fill in the blank 48     fill in the blank 50 fill in the blank 51     fill in the blank 53 fill in the blank 54     fill in the blank 56 fill in the blank 57     fill in the blank 59 fill in the blank 60     fill in the blank 62 fill in the blank 63 June 29   fill in the blank 65 fill in the blank 66     fill in the blank 68 fill in the blank 69 June 30   fill in the blank 71 fill in the blank 72     fill in the blank 74 fill in the blank 75     fill in the blank 77 fill in the blank 78     fill in the blank 80 fill in the blank 81     fill in the blank 83 fill in the blank 84     fill in the blank 86 fill in the blank 87     fill in the blank 89 fill in the blank 90

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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  1. On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,300.

    A. On June 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $368, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $138.

    B. On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $95, Postage Expense $240, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $180.

    C. On June 23, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $254, Supplies $188, Postage Expense $263, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $190.

    D. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000.

    E. On June 30, the petty cash fund needed replenishment as it was month-end. The following are the receipts: Auto Expense $114, Supplies $80, Postage Expense $50, Repairs and Maintenance Expense $121, Miscellaneous Expense $39. The cash on hand at this time was $598.

    Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank.

    June 5   fill in the blank 2 fill in the blank 3
        fill in the blank 5 fill in the blank 6
        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
        fill in the blank 20 fill in the blank 21
    June 14   fill in the blank 23 fill in the blank 24
        fill in the blank 26 fill in the blank 27
        fill in the blank 29 fill in the blank 30
        fill in the blank 32 fill in the blank 33
        fill in the blank 35 fill in the blank 36
        fill in the blank 38 fill in the blank 39
        fill in the blank 41 fill in the blank 42
    June 23   fill in the blank 44 fill in the blank 45
        fill in the blank 47 fill in the blank 48
        fill in the blank 50 fill in the blank 51
        fill in the blank 53 fill in the blank 54
        fill in the blank 56 fill in the blank 57
        fill in the blank 59 fill in the blank 60
        fill in the blank 62 fill in the blank 63
    June 29   fill in the blank 65 fill in the blank 66
        fill in the blank 68 fill in the blank 69
    June 30   fill in the blank 71 fill in the blank 72
        fill in the blank 74 fill in the blank 75
        fill in the blank 77 fill in the blank 78
        fill in the blank 80 fill in the blank 81
        fill in the blank 83 fill in the blank 84
        fill in the blank 86 fill in the blank 87
        fill in the blank 89 fill in the blank 90
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