What entry is missing from the following Cash t-account?Cash04501,0002301,030200300O Debit of 150Credit of 150Debit of 1,150Credit of 1,150O None of the above

CASH T-ACCOUNT Cash T-Account is a Cash Account or Cash Book Ledger where all Cash Transactions of…

Answered: What entry is missing from the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Entry for Cash Sales; Cash Short The actual cash received from cash sales was $34,936, and the amount indicated by the cash register total was $34,969. Journalize the entry to record the cash receipts and cash sales. L an amount box does not require an entry, leave it blank.
The following cash receipts journal headings have been suggested for a small service firm. List the errors you find in the headings. CASH RECEIPTS JOURNAL Page 12 Fees Earned Other Accounts Accts. Rec. Account Post. Cash Date Credited Ref. Cr. Cr. Cr. Dr.
If balance in the bank statement shows $3000 Dr and there are deposits of $800 not yet credited and unpresented cheques totalling to $500, the balance in the cashbook should be Question 2 options: 2700 3300 1700 4300
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Q- 4211 Which journal entry recognizes that an NSF check had been deposited by a company and returned by their bank? O Debit Cash and credit Accounts Receivable Debit Accounts Receivable and credit Cash O Debit Accounts Receivable and credit Accounts Payable O Debit Bank Service Charge and credit Cash
Match the term with its definition. Allowance Method Cash Factoring Net Realizable Value Percentage-of-Receivables Method Restricted Cash A procedure that records unc [Choose ] Time Elapsed: Hide Time Attempt due: Apr 7 at 11:59pm 18 Hours, 38 Minutes, 32 Seconds The amount of the accounts receivable balance that the company actually expects to receive. Correct Answer A procedure that records uncollectible accounts by recording the bad debt expense on an estimated basis in the accounting period in which the sale on accout takes place. C A method of selling accounts receivable where the seller guarantees payment to the purchaser in the event the debtor fails to pay. Correct Answer short term investments with a maturity date of three months or less Generated through transactions from customers for goods bought or services rendered. Correct Answer When material, is required to be segregated and shown as either a current or long term asset on the balance sheet depending on it's expected…
A petty cash fun of $200 has $27 in cash, $170 in petty cash vouchers, and 3$ in miscellaneous receipts not including with the petty cash vouchers. The debit to the Cash Short and Over would be a. $27 b. $173 c. $0 d. $170
H6. 31 P XYZ Co. decided to create a petty cash fund. They estimated that $100 would be needed in the fund. Choc entry to create the account from the following. O Petty Cash is debited for $100. O Cash is debited for $100. O Petty Cash is credited for $100. O Miscellaneous Expense is debited for $100.
do i add the opening balance after the difference of opening balance of bank statement and cash book gives me zero when i update the cash book?
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PA8. LO 8.6Which of the following transactions will require a journal entry? Indicate if it will be a debit or a credit and to what account the entry will be recorded. Transaction No Journal Entry Needed Journal Entry Needed Debit Credit Outstanding check Interest income NFS check Wire transfer by customer Deposit in transit Bank charges

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What entry is missing from the following Cash t-account? Cash ol 450 1,000 230 1,030 200 300 Debit of 150 Credit of 150 Debit of 1,150 O Credit of 1,150 None of the above