Answered: the owner Ms Rose Petals contributed…

Business

Accounting

the owner Ms Rose Petals contributed R80 000 as capital contribution. issued receipt no. 57 create cash receipt journal

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 the following transactions:
urrent Attempt in Progress Nancy's Cabinet Design established a petty cash fund on April 1, 2024, to facilitate the payment of small items. The following petty cash transactions were noted by the petty cash custodian during the month of April 2024: Apr. 1 10 15 Received cash of $205 to establish the petty cash fund. The petty cash fund was replenished when there was $80 on hand and the following receipts: a) $32 for supplies b) $52 for freight in charges c) $27 for postage The petty cash fund was increased to $246
Ht.11.
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…
The park's financial records are as follows. Revenues-camping fees$163,000Revenues - general store$40,000Operating expenses155,000Cash on hand17.200Supplies on hand2,500Original cost of equipment117 ,000Fair value of equiprment132,000Notes payable80,000Accounts payable12.200J Cumby, capital, April 1, 202317,000Accounts receivable21,400J. Cumby, drawings8,500Carmping fees collected for April10,000Insurance paid for in advance for April to June, 2024600 create a balance sheet with Liabilities and Owner's Equity.
post to general ledger
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H6. 31 P XYZ Co. decided to create a petty cash fund. They estimated that $100 would be needed in the fund. Choc entry to create the account from the following. O Petty Cash is debited for $100. O Cash is debited for $100. O Petty Cash is credited for $100. O Miscellaneous Expense is debited for $100.
On May 1, a petty cash fund was established for $200. The following vouchers were issued during May. Date Voucher Purpose Amount May 1 1 Office supplies $ 3.00 3 2 Birthday gift for office worker (misc. exp.) 15.00 5 3 Mileage reimbursement 5.00 7 4 Postage due 2.00 8 5 Office supplies 4.00 11 6 Donation—Goodwill (contribution exp.) 10.00 15 7 Telephone call (telephone exp.) 5.00 21 8 Mileage reimbursement 11.00 23 9 Withdrawal by owner (Carla Sanchez) 20.00 25 10 Postage due 3.50 26 11 Office supplies 17.00 28 12 Copier repair (misc. exp.) 18.50 Required: 1. Prepare the journal entry to establish the petty cash fund on May 1. 2. Record the vouchers in the petty cash record. Total and rule the petty cash record. 3. Prepare the journal entry to replenish the petty cash fund. Make…
What is the journal entry to replenish the petty cash fund if expenses were Auto Expenses $75, Office Expenses $25, Postage $11. and cash on hand is $389. The Petty Cash fund started with $500. Edit View Insert Format Tools Table |BIUAv eu Ti v|: 12pt v Paragraph v hp 16 fa 19 ho 144 IOI 4 00
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
Record each transaction in a journal entry. Explanations are not required.