Required 1. Journalize the entry establishing the Petty Cash Fund in the general journal. 2. Record the disbursements of petty cash in the petty cash payments record. 3. Journalize the summarizing entry to reimburse the Petty Cash Fund.
Required 1. Journalize the entry establishing the Petty Cash Fund in the general journal. 2. Record the disbursements of petty cash in the petty cash payments record. 3. Journalize the summarizing entry to reimburse the Petty Cash Fund.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:D
PART 2: Accounting for Cash and Payroll
Check Figure
Office Supplies, $6.50
LO 7
28
29
R. C. Stowe, the owner, withdrew $20 for personal use, voucher no. 7.
Paid $4.20 for postage, voucher no. 8 (Miscellaneous Expense).
Paid $5.90 for delivery charge, voucher no. 9.
30
31 Issued for cash check no. 372 for $96.50 to reimburse Petty Cash Fund.
Required
1. Journalize the entry establishing the Petty Cash Fund in the general journal.
2. Record the disbursements of petty cash in the petty cash payments record.
3. Journalize the summarizing entry to reimburse the Petty Cash Fund.
PROBLEM 6-3B Roberta Felino, owner of Roberta's Beauty Salon, makes bank deposits
in the night depository at the close of each business day. The following information for
the first four days of April is available.
1
2006 75
2
$582.65
April
3
$586.65
Q
4
$623.25
 alt="F6
PROBLEM 6-2B On March 1 of this year, Stowe Company established a Petty Cash
Fund, and the following petty cash transactions took place during the month:
Mar. 1 Cashed check no. 314 for $100 to establish a Petty Cash Fund, and put the
$100 in a locked drawer in the office.
&
7
F7
U
4
7
9
16
20
25
Issued voucher no. 1 for taxi fare, $7.60 (Miscellaneous Expense).
Issued voucher no. 2 for memo pads, $6.50 (Office Supplies).
Paid $21.50 for an advertisement in a college basketball program, voucher
no. 3.
Bought postage stamps, $8.80, voucher no. 4 (Miscellaneous Expense).
Paid $10 to have snow removed from office front sidewalk, voucher no. 5
(Miscellaneous Expense).
Issued voucher no. 6 for delivery charge, $12.
★
(Continued)
Copyright 2018 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
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Transcribed Image Text:F6
PROBLEM 6-2B On March 1 of this year, Stowe Company established a Petty Cash
Fund, and the following petty cash transactions took place during the month:
Mar. 1 Cashed check no. 314 for $100 to establish a Petty Cash Fund, and put the
$100 in a locked drawer in the office.
&
7
F7
U
4
7
9
16
20
25
Issued voucher no. 1 for taxi fare, $7.60 (Miscellaneous Expense).
Issued voucher no. 2 for memo pads, $6.50 (Office Supplies).
Paid $21.50 for an advertisement in a college basketball program, voucher
no. 3.
Bought postage stamps, $8.80, voucher no. 4 (Miscellaneous Expense).
Paid $10 to have snow removed from office front sidewalk, voucher no. 5
(Miscellaneous Expense).
Issued voucher no. 6 for delivery charge, $12.
★
(Continued)
Copyright 2018 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part. WCN 02-200-202
F8
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F9
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9
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form.
(DELL
prt sc
0
F10
)
home
P
F11
end
F12
{
~ ~
[
+
insert
66
}
delete
1
LO
backspace
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