The petty cash custodian reported the following transactions during the month. Prepare the journalentry to record the replenishment of the fund.A $10 cash payment is made to Starbucks to purchase coffee for a business client, a $40 cashpayment is made for supplies purchased from Office Depot, and a $30 cash payment is made toUPS to deliver goods to a customer

Q: Prepare journal entries for Crane Company for May 1, June 1, July 1, and July 10.

A:

Q: pany set up a petty cash fund for payments of small amounts. The following transactions invo ccurred…

A: Petty cash fund is that fund which is established for small petty expenses in the business. Imprest…

Q: Prepared a company check for $400 to establish the petty cash Prepared a company check to replenish…

A: Petty cash fund is that fund which is established for small petty expenses in the business. Imprest…

Q: June 1. Established a petty cash fund of $9.30. 12. The cash sales for the day, according to the…

A: Journal entries: Date General Journal Debit Credit June 1 Petty Cash $930     Cash…

Q: replenish the petty cash fund at the end of January.

A: Petty cash fund is prepared by companies to cover minor expenditures of business. It is an asset…

Q: resh Foods established a petty cash fund of $325 on January 2. On January 31, the fund contained…

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

Q: the petty cash fund of the wee ones agency was established on may1, 2023, at $75. at the end of the…

A: Journal Entries to Record the Establishment of the Fund  - Date May 1, 2023  1.   Petty Cash A/c…

Q: Cullumber Company established a petty cash fund on May 1 for $100. The company reimbursed the fund…

A: Petty cash fund will be used for petty expenses. First, we take some amount from the bank account…

Q: On April 3rd, Snappy Sales decides to establish a $135.00 Petty Cash Account to relieve the burden…

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

Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan.…

A: Petty Cash Petty cash is refer as the small amount of money which are used for an expenditure, where…

Q: Assume that the custodian of a $465 petty cash fund has $67.50 in coins and currency plus $391.50 in…

A: The petty cash balance is maintained for day to day cash transactions of the business.

Q: In May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200. Prepare…

A: Petty Cash means A small amount of money kept in an office to pay for small items.

Q: Fresh Foods established a petty cash fund of $85 on January 2. On January 31, the fund contained…

A: A petty cash fund is established by a company for petty expenses. This is done to pay for day-to-day…

Q: Cedar Springs Company completed the following selected transactions during June: June 1.…

A: Date General Journal       Debit Credit                     1-Jun Petty cash       1,310…

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

A: Petty cash funds are those funds which are maintained for small petty expenses of the business.…

Q: following cash payments Maintenance expense oftice supplies Transportation expense $24.90 33.20 16.0…

A: Revenue-Expenses=Net Income

Q: Domestic

A: Journal Entries for Kiona Company's Petty Cash FundMay 1 - Establish the FundPetty Cash ($350.00)…

Q: Halle's Berry Farm establishes a $350 petty cash fund on September 4 to pay for minor cash…

A: Petty Cash Fund Tiny sums of cash called "petty cash" are maintained on hand to cover small,…

Q: Nosh Company maintains a petty cash fund for small expenditures. These transactions occurred during…

A: Day to day expenses of an company was managed by keeping effective petty cash fund in which all the…

Q: Kiona Company set up a petty cash fund for payments of small amounts. The following transactions…

A: A petty cash fund is created to maintain cash balance for day to day cash transactions of a…

Q: Moccasin Company maintains a Petty Cash Fund. The beginning balance of the fund in the month of…

A: Balance = Beginning Balance of Fund - Total Payments

Q: The following petty cash transactions were made by the Freeman Corporation during the month…

A: Petty cash is used by the company to meet day to day small expenses.

Q: A company establishes a petty cash fund for $480. By the end of the month, employees had made the…

A: JOURNAL ENTRIESJournal Entry is the First stage of Accounting Process. Journal Entry is the Process…

Q: yoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

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

Q: Moose, Inc. established a $250 petty cash fund three months ago. Today, April 21, the petty cash…

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

Q: During the month a company paid $27 for office supplies and $13 for miscellaneous expenses from the…

A: Fund used=Office supplies+Miscellaneous=$27+$13=$40

Q: Kiona Company set up a petty cash fund for payments of small amounts. The following transactions…

A: May 1. The establishment of the petty cash fund is recorded as debit to Petty Cash Fund and credit…

Q: Halle's Berry Farm establishes a $400 petty cash fund on September 4 to pay for minor cash…

A: Petty cash expenses are used to record small business expenditure by separately setting up a petty…

Q: ona Company set up a petty cash fund for payments of small amounts. The following transactions…

A: Petty Cash Book -An accounting book called a petty cash book is used to track tiny, low-value cash…

Q: Christine's Dance Studio created a $400 imprest petty cash fund. During the month, the fund…

A: Step 1:Required journal entries for the petty cash funds are presented hereunder:No.DateAccounts and…

Q: Trinh Company has set up a petty cash fund with $250.00 on April 8. Prepare a journal entry to…

A: The objective of the question is to prepare the journal entries for the establishment and…

Q: Kiona Co. set up a petty cash fund for payments of small amounts. The following transactions…

A: Petty Cash is maintained for the petty day-to-day expenses. If the value of invoices for the…

Q: Kiona Company set up a petty cash fund for payments of small amounts. The following transactions…

A: Petty cash fund is a small amount of cash that a business keeps aside to pay for minor, everyday…

Q: Kiona Company set up a petty cash fund for payments of small amounts. The following transactions…

A: Petty cash fund is that fund which is established for small petty expenses in the business. Imprest…

Q: On May 1, a petty cash fund was established for $200 by the owner, Ilika Cash. The following…

A: A petty cash reserve is a limited sum of money which has been kept for the payment of expenses of…

Q: Listed below are several transactions that took place during the second and third years of…

A: The accrual basis accounting records the revenue and expenses as and when they are incurred.

Q: Sheridan Company maintains a petty cash fund for small expenditures. These transactions occurred…

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

Q: On September 1, French company has decided to initiate a petty cash fund in the amount of $800.…

A: Journal entry is a process of recording and classifying business transactions into books of accounts…

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.