Solve the problem Problem: 4Maple Dental Clinic's petty cash fund is $1,000. The fundshows receipts for: supplies $320, postage $145, and cleaning$275. If the actual cash count is $248, Find the cash shortageor overage.

Explanation of Petty Cash Fund:A petty cash fund is a small reserve of cash set aside by a business…

Answered: Problem: 4 Maple Dental Clinic's petty…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....

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System company needs to replenish its $1000 petty cash fund. Its petty cash box has $150 cash and petty cash receipts of $840. The journal entry to replenish the fund includes a. A credit to cash for $150. b. A credit to petty cash for $840. c. A credit to cash over and short for $10. d. A debit to cash over and short for $10.
A $100 petty cash fund has cash of $15 and receipts of $86. The journal entry to replenish the account would include a Select one: a. credit to Cash Over and Short for $3. b. credit to Cash for $86. C. credit to Petty Cash for $1. d. The answer does not exist e. debit to Cash for $86. Next page
The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain Credit to Cash Short & Over for $5. A credit to Petty Cash for $80. A debit to Cash Short & Over for $5. A debit to Petty Cash for $80.
Alpha Technologies provides computer maintenance services and has the following information for August 31: Cash register tape $1,942 Cash count 2,148 Change Fund 200 Compute the cash shortage or cash overage to be recorded by Alpha on August 31. a.$6 overage b.$6 shortage c.$5 shortage d.$5 overage
A $100 petty cash fund has cash of $9 and receipts of $85. The journal entry to replenish the account would include a credit to Select one: a. Petty Cash for $85. b. Cash for $91. C. Cash Over and Short for $6. d. Cash for S85.
A company needs to replenish its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash receipts of $420. The journal entry to replenish the fund includes a. A debit to Cash for $75. b. A credit to Cash for $75. c. A credit to Petty Cash for $420. d. A credit to Cash Over and Short for $5. e. A debit to Cash Over and Short for $5.
I need help with D and E please
The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash tickets totaling $75 for office supplies. The entry to replenish the fund would contain a. a credit to Cash Short & Over for $5. b. a credit to Petty Cash for $80. c. a debit to Cash Short & Over for $5. d. a debit to Petty Cash for $80.
A. Started a petty cash fund in the amount of $400.B. Replenished petty cash fund using the following expenses: Auto Expense $24, Office Expense $45, Postage Expense $20, Miscellaneous Expense $33. Cash on hand is $278.C. The company has decided to reduce the petty cash fund to $250. Record these transactions. If an amount box does not require an entry, leave it blank.
A$130 petty cash fund has cash of $16 and receipts of $111. The journal entry to replenish the account would include a O credit to Petty Cash for $114. O debit to Cash Over and Short for $3. O debit to Cash for $111. O credit to Cash for $111.
On April 2, Granger Sales decides to establish a $350 petty cash fund to relieve the burden on Accounting. a. Journalize the establishment of the fund. If an amount box does not require an entry, leave it blank. April 2 b. On April 10, the petty cash fund has receipts for mail and postage of $65, contributions and donations of $39, and meals and entertainment of $97. Petty cash on hand is $147. Journalize the replenishment of the fund. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank. April 10 c. On April 11, Granger Sales decides to increase petty cash to $460. Journalize this event. If an amount box does not require an entry, leave it blank. April 11

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Problem: 4 Maple Dental Clinic's petty cash fund is $1,000. The fund shows receipts for: supplies $320, postage $145, and cleaning $275. If the actual cash count is $248, Find the cash shortage or overage.