Waupaca company establishes a $350 petty cash fund on September 9. On September 30, The phone shows $92 in cash along with receipts for the following expenditures: transportation-in, $50; postage expenses, $71; and miscellaneous expenses, $130. The petty cash I could not account for a seven dollar shortage in the fund. The company uses very perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $385

Q: EcoMart establishes a $1,550 petty cash fund on May 2. On May 30, the fund shows $600 in cash along…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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: Brooks Agency set up a petty cash fund for $440 on 9/9. At the end of the current period 9/30, the…

A: Lets understand the basics.Petty cash is maintained to incur the pretty expenses without bothering…

Q: PA1. On September 1, French company has decided to initiate a petty cash fund in the amount of $800.…

A: Petty cash is a fixed amount set aside to meet day to day expense of small values. Petty cash fund…

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Q: Cameron Co. established a $160 petty cash fund on January 1, 2023. One week later, on January 8, the…

A: The objective of the question is to prepare the journal entry to establish the petty cash fund on…

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

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Q: Waupaca Company establishes a $350 petty cash fund on September 9. On September 30, the fund shows…

A: Companies incur costs and expenses to run their business. Companies spend a small number of expenses…

Q: On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,400. A. On…

A: Petty cash spent in a.=$1,400-$234=$1,166

Q: EcoMart establishes a $1,550 petty cash fund on May 2. On May 30, the fund shows $600 in cash along…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

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

A: Pass necessary journal entry to record replenishment of cash fund.

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

A: When you first set up the petty cash fund, you make an entry to move money from your main cash…

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A: To keep track of financial transactions, journal entries are utilised.  Your journal entries are…

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

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Q: petual inventory system)   $20   9   2   Delivery charges on outgoing freight   16   14   3…

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Q: Waupaca Company establishes a $470 petty cash fund on September 9. On September 30, the fund shows…

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Q: Palmona Company establishes a $180 petty cash fund on January 1. On January 8, the fund shows $83 in…

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Q: On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,300. A. On…

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

Q: On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,300. A. On…

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

A: Answer a:

Q: Provide all 3 graphs

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Q: 55/98 There was $4 in the cash box when the fund was replenished on March 15. On March 20, the…

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A: the correct option with necessary working are as follows

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Q: Pelcher Company maintains a $500 petty cash fund. On January 31, the fund is replenished. The…

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Q: Waupaca Company establishes a $300 petty cash fund on September 9. On September 30, the fund shows…

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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.