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.

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

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

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

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

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

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A: Petty Cash Book seems to be an accounting book being used tracking little and low-value costs such…

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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: pare Journal Entry to establish Petty Cash Fund

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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

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Q: Domestic

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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.…

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

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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…

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

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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…

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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…

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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.