Question 4 of 22<View Policies<Current Attempt In ProgressThe petty cash fund of $325 for Bramble Company appeared as follows on December 31, 2020:CashPetty cash vouchers$94.40Freight-in$62.60Postage65.00Balloons for a special occasion93.00E(b)Prepare in general journal form the entry to replenish the fund. (Credit account titles are automatically indented when the amount isentered. Do not indent manually. Enter answers to 2 decimal places, eg. 25.20. List all debit entries before credit entries.)Account Titles and ExplanationDebitCreditSave for Later Last saved 1 second ago.Attempts: 0 of 1 usedSubmit AnswerSaved work will be auto-submitted on the due date Auto-submission can take up to 10 minutes.(c)On December 31, the office manager gives instructions to increase the petty cash fund by $75. Make the appropriate journalentry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries beforecredit entries.)Account Titles and ExplanationDebitCredit

Step 1: Replenishment of Petty Cash FundTo replenish the petty cash fund, Bramble Company records…

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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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Record entry for recognition of expenses and replenishment of the fund, record entry for reimbursements made by employee, record entry for petty cash found.
On June 1, 2019, Wadi Nam Furniture Company established a petty cash fund for RO 750. On June 31, 2019, there was RO 90 cash in the fund in addition to the following data: Freight-In RO 260 Supplies Expense 300 Entertainment of clients 104 Postage Expense 60 The journal entry to establish the petty cash fund would include a: Select one: O a debit to Cash Over and Short for RO 750. O b. credit to Cash for RO S00. O c redit to Accounts Payable for RO 750. O d. None of the answers are correct O e debit to Cash for RO 750.
QUESTION 2 Al-Yahya Enterprise has established a petty cash fund for its small expenditures. The following transactions took place during the month of February 2021: Feb 1 Established a RM200 petty cash fund with cash withdrawn from the company’s account. 20 The petty cash fund has RM15 remaining and is replenished. Expenditures during the month were RM60 for freight-in, RM35 (meals), RM20 (postage), RM65 (amenities), and RM10 (parking) REQUIRED: Prepare the journal entries for the above transactions.
A B C D E G H 1 Wyoming Restoration Company completed the following selected transactions during July 2021: 2 3 4 5 6 7 8 9 10 7/21/21 11 7/21/21 12 7/22/21 13 e. A check 14 7/30/21 15 16 17 Prepare all journal entries associated with the petty cash account. 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 7/1/21 Established a petty cash fund. Receipts for the following: Store supplies 7/3/21 7/7/21 7/9/21 Delivery charges on merchandise sold Office supplies 7/13/21 Office supplies 7/19/21 Postage stamps Repair to fax machine Repair to office file cabinet lock Postage due on special delivery letter Delivery charges on merchandise sold Office supplies 7/31/21 Petty cash on hand 7/1/21 Petty Cash Cash 7/31/21 Delivery Expense $ 1,030 $ 247 Office Supplies Expense $ 184 Store Supplies Expense $ 113 Misc Office Expense $ 278 $ 143 $ 15 Postage Expense Cash Over & Short Cash $ 1,030 $ GA 980 $ $ GA GA GA GA GA GA GA GA GA GA GA $ $ $ $ $ $ $ $ $ F 1,030 113 165 72 82 87 206 72 56 82 30 50 I…
On June 1, 2019, Wadi Nam Furniture Company established a petty cash fund for RO 750. On June 31, 2019, there was RO 90 cash in the fund in addition to the following data: Freight-In RO 260 Supplies Expense 300 Entertainment of clients 104 Postage Expense 60 The journal entry to establish the petty cash fund would include a: Select one: O a debit to Cash Over and Short for RO 750. O b. redit to Cash for RO 500. O credit to Accounts Payable for RO 750. O d. None of the answers are correct O e debit to Cash for RO 750.
Post the differences between the cash count and the cash register tape to the Cash Short and Over T account. Assume a change fund of $100. Date Cash Register Tape Cash Count March 3 $1,495.89 $1,601.89 4 1,878.55 1,986.55 5 741.76 843.76 6 1,646.62 1,744.62 7 1,714.13 1,814.13 When required, enter amounts in dollars and cents.
On November 2, 2018, Sur Resort established a petty cash fund of RO 750. On November 31, 2018, the amount remaining in the fund was RO 80. It had the following data: Postage Expense RO 150 Freight-In 340 Entertainment of clients 228 Supplies Expense 160 The journal entry to replenish the account would indude: Select one: O a None of the answers are correct. O b. debit to Petty Cash for RO 750. O c debit to Cash Over and Short for RO 8. O d. credit to Cash for RO 52. O e. credit to Cash Over and Short for RO 8.
Exercise 7-7 Petty cash fund LO4 Cameron Co. established a $190 petty cash fund on January 1, 2023. One week later, on January 8, the fund contained $36.85 in cash and receipts for these expenditures: postage, $53.20, transportation-in, $34.20, store supplies, $41.55, and a withdrawal of $24.20 by Jim Cameron, the owner. Cameron uses the perpetual method to account for merchandise inventory. a. Prepare the journal entry to establish the fund on January 1 View transaction list Journal entry worksheet Record the entry to establish the fund. Note: Enter debits before credits. Date January 01, 2023 General Journal Debit Credit
On November 2, 2018, Sur Resort established a petty cash fund of RO 750. On November 31, 2018, the amount remaining in the fund was RO 80. It had the following data Postage Expense RO 150 Freight-In 340 Entertainment of clients 228 Supplies Expense 160 The journal entry to establish the petty cash fund would include a: Select one: O a debit to Cash for RO 750. O b.credit to Cash Over and Short for RO 48. O c None of the answers are correct O d. credit to Cash for RO 700. O e. credit to Cash for RO 52.
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7. Journalize the entries to record the following: established a petty cash fund of $350 The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, 116; Sep 1 Sep 30 postage $100. Record any discrepancy in the cash short and over account. D Focus

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