Using the following information, prepare the journal entries to: a. Establish a $200 petty cash fund on January 2. b. Reimburse the petty cash fund at the end of the month.   Date Voucher No. Purpose Amount Jan.   2 1 Office supplies $15 6 2 Withdrawal by owner 20 7 3 Lunch with client 35 7 4 Postage 12 8 5 Donation to United Way 25 12 6 Telephone repair 32 23 7 Office supplies 15 28 8 Lunch with client 40 If an amount box does not require an entry, leave it blank.

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: Which shows the balance Joseph should have in his check register after these transactions

A: Formula: Total available balance = Previous balance + Deposits - Withdrawals. Deduction of…

Q: On September 30, Hector's petty cash fund of $185 is replenished. At the time, the cash box…

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

Q: not use ai please

A: To record the entry of replenishing the petty cash fund, you will need to debit all the…

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: a d. December 9. Used debit card to buy supplies, $120.00. Memorandum No. 12. e. December 14. Paid…

A: Journal refers to the detailed account which reports all the financial transactions of the business…

Q: On June 1, Meadow Salad Dressings creates a petty cash fund with an imprest balance of $500. During…

A: The imprest fund system helps streamline small cash transactions and reduces the need for frequent…

Q: Prepare journal entries for the above transactions. If an amount box does not require an entry,…

A: Petty cash book :- Petty cash book is a book that records small small expenses that are incurred in…

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: 9. A petty cash fund was originally established with a check for $200. On August 31, which is the…

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

Q: On October 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During…

A: Part a ) Journal Entry to establish a petty cash fund Date Account Debit Credit Jan-01 Petty…

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: help please answer in text form with proper workings and explanation for each and every part and…

A: Office supplies  80 Merchandise inventory  160 Miscellaneous expenses  20 Cash over and short  8…

Q: Current Attempt in Progress On March 20, Sheridan's petty cash fund of $104 is replenished when the…

A: Petty cash means where a separate cash book is maintained which is usually deals with the small…

Q: Help

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

Q: petty cash fund. Di

A: 1.Establish petty cash fund 2.Record petty cash expenses 3.Replenish petty cash fund

Q: Waupaca Company establishes a $410 petty cash fund on September 9. On September 30, the fund shows…

A: The question is based on the concept of Financial Accounting.

Q: Prepare the journal entries to record the petty cash transactions: Mar 1     Established a petty…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: od for the visitors wers for Gen Manager rking Fees and Toll gate fees J of employee ice supplies…

A: Petty Cash fund is a small amount of money kept for making payments like office supplies, Employee…

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: 1. Prepare the journal entry to establish the petty cash fund.

A: Journal Entries are as follows:

Q: ← Lorena's Dance Studio created a $270 imprest petty cash fund. During the month, the fund custodian…

A: A petty cash fund is a small amount of company cash that is typically kept on hand (for example, in…

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: 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…

Q: Please prepare a Bank Reconciliation for Jo Jo's Circus.

A: A bank reconciliation statement is a document that compares the cash balance on a company’s balance…

Q: DATE June 1 June 5 June 8 June 15 June 22 June 25 June 29 June 30 Required: TRANSACTIONS Issued…

A: A petty cash fund is a small amount of cash that a company sets aside to cover minor expenses or…

Q: record entry for petty cash found.

A: Petty cash is the cash allocated to meet the expenses related to running of affairs of the entity on…

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.