Prepare the journal entries for August.

Q: At November 30, Mazaya Company has the following bank information. cash balance per book RO4.600,…

A: Bank Reconciliation Statement: Bank statement is prepared by bank. The company maintains its own…

Q: Problem 2-6 (IAA) January: Virgo Company provided the following data for the month of Balance per…

A: Note: We’ll answer the first question since Problem 2-6 (IAA) is highlighted so I solved this…

Q: On March 20, Sheffield’s petty cash fund of $114 is replenished when the fund contains $12 in cash…

A: Petty cash refers to the small amount of cash in hand used to pay expenses that are too small to…

Q: March Transactions: Mar. 1 Established a petty cash fund of $856.   31 The amount of cash in the…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: On July 1 AAA Company established a petty cash fund with $20o. During the first 15 days of July…

A: Solution: (1). Date Particulars Debit Credit July 1  Petty Cash 200           Cash   200

Q: Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $10 cash and petty…

A: Journal entries are made to record the transactions as the first process in the books of accounts…

Q: 9. A petty cash fund was originally established with a check for $200. On August 31, which is the…

A: The journal entries are prepared to record the transactions on a regular basis. The petty cash fund…

Q: I NEED HELP WITH PART 3 1.  Journalize the selected transactions. Assume 360 days per year. If no…

A: Bank Reconciliation Statement (BRS) BRS is prepared to reconcile the difference between the Bank…

Q: pt in Progress Patricia Sells is unable to reconcile the bank balance at January 31. Patricia's…

A: Bank reconciliation is a statement which is used to reconcile the amount recorded in the books of…

Q: A $144 petty cash fund has cash of $24 and receipts of $109. The journal entry to replenish the…

A: The corporation create petty cash fund to meet its sundry expenses took place in daily course of…

Q: On March 20, Vaughn's petty cash fund of $108 is replenished when the fund contains $15 in cash and…

A: The petty cash fund is established to maintain the cash balance for day to day transactions of the…

Q: A petty cash fund was originally established with a cheque for $150. On December 31, you find the…

A: Introduction:- petty cash fund is used to pay for small expenses for everyday. Examples:- postage…

Q: Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: ournalize the entries to record the following: Required: a. On March 1, check is issued to establish…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the…

A: Introduction:- Journal entry is the first stage of accounting process. Journal entry used to record…

Q: March 1 Established a petty cash fund of $877. March 31 The amount of cash in the petty cash fund is…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: At November 30, Mazaya Company has the following bank information: cash balance per book R 04,600;…

A: Particulars Amount Cash balance per books RO 4,600 Add: interest RO 10 Less: Bank charges RO…

Q: Journalize the entries to record the following: June  1 Established a petty cash fund of $200.…

A: Please find the answer to the above questions below:

Q: Journalize the entries to record the following: March 1 Established a petty cash fund of $877.…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: On March 20, Oriole's petty cash fund of $119 is replenished when the fund contains $12 in cash and…

A: Petty cash means where the separate cash book is maintained which is usually deals with the small…

Q: On September 1, a company established a petty cash fund of $120. On September 10, the petty cash…

A: Petty cash:  Petty cash fund is established to manage the payment for the small business expenditure…

Q: Journalize the entries to record the following: June 1   Established a petty cash fund of $200.…

A: Journal Entry It is used to record the business transactions in an accounting systems.

Q: If cash on hand is $20, prepare the entry to replenish the petty cash on December 31. (Record debits…

A: Formulas: Cash Short and Over = Petty Cash Fund replenished – Petty Cash Vouchers

Q: Knowledge Check Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $17…

A: Petty cash is money kept for small and incidental expenses. Petty cash is current account and…

Q: On March 20, Concord's petty cash fund of $119 is replenished when the fund contains $6 in cash and…

A: Balance of available cash and the total expenses goes to Cash over and short Account.

Q: On March 20, Novak's petty cash fund of $118 is replenished when the fund contains $20 in cash and…

A: Date: March 20Account Titles and Explanation:Postage Expense: Debit the Postage Expense account for…

Q: Current Attempt in Progress Sheridan Company uses an imprest petty cash system. The fund was…

A: A petty cash fund is established to provide businesses with sufficient cash to meet minor expenses.…

Q: Blue Spruce Company established a $110 petty cash fund on August 1. On August 31, the fund had $9…

A: When a small amount is kept aside to meet minor expenses it is referred to as petty cash. This…

Q: On February 1, Derrick Company establishes a $200 petty cash fund. Complete the necessary journal…

A: A petty cash fund is separated from the actual cash for petty expenses and replenished periodically.…

Q: Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of…

A: The journal entry for issued to establish a petty cash fund as as follows:

Q: On March 20, Bonita's petty cash fund of $113 is replenished when the fund contains $9 in cash and…

A: Petty cash refers to the small amount of cash in hand used to pay expenses that are too small to…

Q: Minsky Ltd. maintains a balance of $2,500 in its petty cash fund. On December 31, Minsky's petty…

A: Petty cash: Petty cash fund is eastiblished to pay insignifinant amount small expenses like office…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.