- transportation, P600 - gasoline, P400 - office supplies, P500

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

A:

Q: I need help

A: The adjusting entry to record the bank service charge is debit bank service charge, credit cash in…

Q: Journalize the entries to record the following: Apr. 1 Established a petty cash fund of $350. 10…

A: Journal: Recording of a business transactions in a chronological order.

Q: Question 1    Record the necessary petty cash transactions in the general journal for the Real S.…

A: Cash Over=Petty Cash Balance-Total fund-Fund used=$8-$400-$30+$80+$25+$50+$$50+$50+$80+$30=$3

Q: Journalize the entries to record the following: Check No. 245-13 is issued to establish a petty…

A: a. Journalize the entry to establish the petty cash fund. No. Particulars Debit Credit   Petty…

Q: HH Using the following information: a. The bank statement balance is $4,799. b. The cash account…

A: Hello student! Bank Reconciliation determines the correct balance that should reflect the bank's…

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: A petty cash fund was established with a $200 balance. It currently has cash of $40 and petty cash…

A: Lets understand the basics.Entity creates petty cash by moving some few amount of money into petty…

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

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: The following information is about the cash balances for Mooner Sooner Inc.: Company balance: $5,020…

A: The bank reconciliation statement is prepared to balance the passbook and company book accounts with…

Q: Murdstone, Inc. issued a check on January 2 to establish a petty cash fund of $500. On January 31,…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: Journalize the entry to replenish the petty cash fund. If an amount box does not require an entry,…

A: Step 1 Journal is the part of the book keeping.

Q: A petty cash fund, established with a $300 balance, had petty cash receipts (tickets/vouchers)…

A: Petty cash is used for a variety of little costs; receipts are gathered and transactions are…

Q: C. NSF , Bank collection of note receivable of $800, and interest of $80. 75. e. Interest earned on…

A: Bank reconciliation statement shows the reconciliation of entity's bank account with its financial…

Q: If a petty cash fund is established in the amount of $348 and contains $200 in cash and $134 in…

A: JOURNAL ENTRY FOR REPLENISHMENT :  PARTICULARS DEBIT CREDIT SUNDRY EXPENSE $134   CASH…

Q: The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on…

A: >Petty Cash fund is created out of cash account to pay off certain small and petty amounts of…

Q: Required: Calculate the amount that should be reported as cash for each independent situation. a. b.…

A: Chequing account balance at Bank A $191800 Cash on hand $6800 Petty Cash $3800  Chequing account…

Q: Prepare journal entries for each of the following: Question Content Area a.  Issued a check to…

A: When a petty cash fund is established, a check is issued to transfer the necessary funds from the…

Q: 1. Brooks Agency set up a petty cash fund for $140. At the end of the current period, the fund…

A: Answer:- Petty cash is a small amount of cash that is kept on hand by a business or organization to…

Q: Required information [The following information applies to the questions displayed below.) The…

A: Lets understand the basics.Bank reconciliation statement is prepared to know the reason for…

Q: Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of…

A: Petty cash: Petty cash fund is established to manage the payment for small business expenditures…

Q: Littlestown Corporation reports the following information: Balance in National Bank checking account…

A: Current assets are assets that are projected to be converted into cash within a year. 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.