For the 4th journal entry, how would I get the number for the cash over and short and cash? cesKiona Company set up a petty cash fund for payments of small amounts. The following transactions involving the petty cash fundoccurred in May (the last month of the company's fiscal year).May 1 Prepared a company check for $400 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 $124.80 for janitorial expenses.May 15 b. Paid $101.88 for miscellaneous expenses.May 15 c. Paid postage expenses of $69.60.May 15 d. Paid $91.44 to Facebook for advertising expense.May 15 e. Counted $30.68 remaining in the petty cashbox.May 16 Prepared a company check for $200 to increase the fund to $600.May 31 The petty cashier reports that $426.19 cash remains in the fund. A company check is drawn to replenish the fundfor the following expenditures made since May 15.May 31 f. Paid postage expenses of $64.48.May 31 g. Reimbursed the office manager for mileage expense, $51.33.May 31 h. Paid $53.00 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 $550.

Petty cash fund is that fund which is established for small petty expenses in the business. Imprest…

pany set up a petty cash fund for payments of small amounts. The following transactions invo ccurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $400 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made si May 15 a. Paid $124.80 for janitorial expenses. May 15 b. Paid $101.88 for miscellaneous expenses. May 15 c. Paid postage expenses of $69.60. May 15 d. Paid $91.44 to Facebook for advertising expense. cashbox. May 15 e. Counted $30.68 remaining in the petty May 16 Prepared a company check for $200 to incrong

pany set up a petty cash fund for payments of small amounts. The following transactions invo ccurred in May (the last month of the company's fiscal year). May 1 Prepared a company check for $400 to establish the petty cash fund. May 15 Prepared a company check to replenish the fund for the following expenditures made si May 15 a. Paid $124.80 for janitorial expenses. May 15 b. Paid $101.88 for miscellaneous expenses. May 15 c. Paid postage expenses of $69.60. May 15 d. Paid $91.44 to Facebook for advertising expense. cashbox. May 15 e. Counted $30.68 remaining in the petty May 16 Prepared a company check for $200 to incrong

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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Fill in the blank ledgers using the completed worksheet.
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