ABCDEGH1 Wyoming Restoration Company completed the following selected transactions during July 2021:2345678910 7/21/2111 7/21/2112 7/22/2113 e. A check14 7/30/21151617 Prepare all journal entries associated with the petty cash account.181920212223242526272829303132337/1/21 Established a petty cash fund.Receipts for the following:Store supplies7/3/217/7/217/9/21Delivery charges on merchandise soldOffice supplies7/13/21 Office supplies7/19/21 Postage stampsRepair to fax machineRepair to office file cabinet lockPostage due on special delivery letterDelivery charges on merchandise soldOffice supplies7/31/21 Petty cash on hand7/1/21 Petty CashCash7/31/21 Delivery Expense$ 1,030$ 247Office Supplies Expense $ 184Store Supplies Expense$ 113Misc Office Expense$ 278$143$15Postage ExpenseCash Over & ShortCash$ 1,030$GA980$$GA GA GA GA GA GA GA GA GA GA GA$$$$$$$$$F1,0301131657282872067256823050IJKPetty Cash7/1/21 $ 1,0307/31/21 $50$980$ 1,095L$$$$$$$$$$$11316572828720672568230MN

Wyoming Restoration Company completed the following selected transactions during July 2021: 7/1/21 Established a petty cash fund. Receipts for the following: 7/3/21 Store supplies 7/7/21 Delivery charges on merchandise sold 7/9/21 Office supplies 7/13/21 Office supplies 7/19/21 Postage stamps 7/21/21 Repair to fax machine 7/21/21 Repair to office file cabinet lock 7/22/21 e. A check 7/30/21 7/31/21 Petty cash on hand Postage due on special delivery letter Delivery charges on merchandise sold Office supplies 7/1/21 Petty Cash Cas 7/31/21 Delivery Expense Office Supplies Expense Store Supplies Expense Misc Office Expense Postage Expense Cash Over & Short Cash $ 1,030 Prepare all journal entries associated with the petty cash account. $ 247 $ 184 $ 113 $ 278 $ 143 $ 15 $ 1,030 $ $ 980 $ $ $ $ $ $ $ $ $ $ S 1,030 113 165 72 82 87 206 72 56 82 30 50 Petty Cash 7/1/21 $ 1,030 7/31/21 $ 50 $ 980 $ 1,095 $ $ $ $ $ S $ $ S $ S 113 165 72 82 87 206 72 56 82 30

Wyoming Restoration Company completed the following selected transactions during July 2021: 7/1/21 Established a petty cash fund. Receipts for the following: 7/3/21 Store supplies 7/7/21 Delivery charges on merchandise sold 7/9/21 Office supplies 7/13/21 Office supplies 7/19/21 Postage stamps 7/21/21 Repair to fax machine 7/21/21 Repair to office file cabinet lock 7/22/21 e. A check 7/30/21 7/31/21 Petty cash on hand Postage due on special delivery letter Delivery charges on merchandise sold Office supplies 7/1/21 Petty Cash Cas 7/31/21 Delivery Expense Office Supplies Expense Store Supplies Expense Misc Office Expense Postage Expense Cash Over & Short Cash $ 1,030 Prepare all journal entries associated with the petty cash account. $ 247 $ 184 $ 113 $ 278 $ 143 $ 15 $ 1,030 $ $ 980 $ $ $ $ $ $ $ $ $ $ S 1,030 113 165 72 82 87 206 72 56 82 30 50 Petty Cash 7/1/21 $ 1,030 7/31/21 $ 50 $ 980 $ 1,095 $ $ $ $ $ S $ $ S $ S 113 165 72 82 87 206 72 56 82 30

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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Ovy Inc. established a $175 petty cash fund on August 15, 2012. On August 31, 2012, the fund contained receipts for the following: newspaper advertising $62, postage $26, office supplies $47. A cheque was prepared to reimburse the fund and increase the balance to $200.Required:3. Record the journal entry on August 15 to establish the fund.4. Record the journal entry on August 31 assuming there was $35 cash in the petty cash box.5. Record the journal entry on August 31 assuming there was $45 cash in the petty cash box
Willard Company established a $440 petty cash fund on September 9, 2020. On September 30, the fund had $175,40 in cash along with receipts for these expenditures: transportation-in, $35.70, office supplies. $124.90, and repairs expense. $97.00. Willard uses the perpetual method to account for merchandise inventory. The petty cashier could not account for the $7.00 shortage in the fund. a. Prepare the September 9 entry to establish the fund. View transaction list Journal entry worksheet < Record the entry to establish the fund. Note: Enter debits before credits Date Debit Credit Sep 09, 2020 ✪ General Journal
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On September 1, French company has decided to initiate a petty cash fund in the amount of $800. Prepare journal entries for the following transactions: On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $124, Postage Expense $270, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $48. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $18, Supplies $175, Postage Expense $50, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $88, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $20. On September 29, the company determined that the petty cash fund needed to be increased…
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On September 1, French company has decided to initiate a petty cash fund in the amount of $800. Prepare journal entries for the following transactions:A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $124, Postage Expense $270, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $48.B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $18, Supplies $175, Postage Expense $50, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210.C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $88, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $20.D. On September 29, the company determined that the petty cash fund needed to be…
Upon examination of the petty cash fund of Company B on January 3, 2021, the following items were found: Currencies ₱ 2,500.00 Coins 535.00 Certified Check of general manager dated December 15, 2020 1,500.00 Petty cash vouchers: PCV #7152 Gasoline payments for delivery equipment 650.00 PCV #7153 Medical supplies for employees 500.00 PCV #7154 Repairs of office equipment 100.00 PCV #7155 Loans to employees 180.00 PCV #7156 Overtime Meals of Employees 350.00 Company check representing replenishment of PCF 6,150.00 Unused postage stamps 120.00 An envelope containing contributions of employees for the death of a fellow employee (contents intact) 3,000.00 The petty cash fund was established for an amount of ₱13,000.00 What is the correct amount of petty cash fund at December 31, 2020?
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On September 1, French company has decided to initiate a petty cash fund in the amount of $800. Prepare journal entries using this information for the following transactions for questions 1-5. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $124, Postage Expense $270, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $48. What is the correct journal entry?
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