Voucher No. Account Debited Amount Phone Expense Automobile Expense James Lucas, Drawing Postage Expense Charitable Contributions Expense Miscellaneous Expense $21.20 2 39.60 3 85.00 4 15.30 5 20.00 47.00

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

A:

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: Night Club maintains an imprest petty cash fund of $100, which is under the control of Sandra…

A: A business or organization's small cash reserve is referred to as petty cash, and it is used to pay…

Q: 7. On May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200.…

A: The company maintains availability of small amount to pay daily expenses in the form of petty cash.

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: 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: 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: Oriole Boxes uses a petty cash imprest system. The fund was established on February 14 with a…

A: Journal entry is the primary reporting of the business transactions in the books of accounts. These…

Q: On June 1, Cool Salad Dressings creates a petty cash fund with an imprest balance of $350. During…

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

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: 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: A company established a petty cash fund for minor day-to-day expenses. Following are activities…

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

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

A: Meaning of Petty Cash book: It is the subsidiary book of main cash book where all the small day to…

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: Alaska Impressions Co. records all cash receipts on the basis of its cash register tapes. Alaska…

A:

Q: Ernest Company uses an imprest petty cash system. The fund was established on March 1 with a balance…

A: Solution: Petty cash fund is established to provide business with sufficient to cash to meet minor…

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: s established at $100. After the first month, the cash in the petty cash box amounted to $21. The…

A: A Petty cash fund is established to take care of the daily small expenses of a firm. This is…

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: Record the following transactions into the general journal.  Be sure to include explanations.  When…

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

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: During October, Daylight Company experiences the following transactions in establishing a petty cash…

A: Various small expenses are incurred for day to day activities of the entity can be managed…

Q: petty cash fund. Di

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

Q: July 1. Established a petty cash fund of $1,100. 12. The cash sales for the day, according to the…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

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: 7.13 Manuel's petty cash box contained the following items on 30 November: Cash Expense vouchers:…

A: a) Opening Balance in the Petty Cash Fund Asset Account: To determine the opening balance in the…

Q: Petty Cash Fund Entries Journalize the entries to record the following: Check is issued to…

A: Answer a:

Q: A petty cash fund was originally established witha cheque for $150. On December 31, you find the…

A: PETTY CASH ARE SMALL AMOUNT OF FUNDS IN THE FORM OF CASH USED FOR MAKING OUT EXPENSITURE WHERE IT IS…

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: CN/ MVV > Mastery Problem Instructions Tumner Excavation maintains a checking account and has…

A: Cash Book :Cash book is one of the types of subsidiary book, in which only cash related transactions…

Q: Prepare the journal entries for the following petty cash transactions of Linton Gaming Supplies:…

A: PETTY CASH FUND   Petty Cash Fund is a Cash Fund which is Created by the Organisation for minor…

Q: Concord Corporation uses an imprest petty cash system. The fund was established on March 1 with a…

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

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

A: Petty cash fund is created by the business in which little amount of cash is placed so as to meet…

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.