On July 1, a petty cash fund was established for $100. The following vouchers were issued duringJuly:General JournalDate Voucher No.PurposeAmountHow does grading work?PAGE 1July 11office supplies$ 3.00GENERAL JOURNALScore: 53/97donation (Goodwill)15.00DATEACCOUNT TITLEPOST. REF.DEBITCREDIT5.3travel expenses5.001Jul. 3174postage due2.0028office supplies4.00L.Ortiz, Drawing320.0011postage due3.5015phone call5Miscellaneous Expense18.505.00218.travel expenses11.007259withdrawal by owner (L. Ortiz) 20.008Cash87.0026copier repair (miscellaneous)18.504)610

General Journal is prepared below

y 1, a petty cash fund was established for $100. The following vouchers were issued during General Journal Date Voucher No. Purpose Amount How does grading work? uly 1 1 office supplies $ 3.00 GENERAL JOURNAL 3 donation (Goodwill) 15.00 DATE ACCOUNT TITLE POST. REF. DEBIT 3 travel expenses 5.00 Jul. 31 7 4 postage due 2.00 2 8 office supplies LOrtiz, Drawing 4.00 3 20.00 11 6. postage due 3.50 4. 15 7. phone call 5 Miscellaneous Expense 18.50 5.00 21 travel expenses 11.00 25 6. withdrawal by owner (L. Ortiz) 20.00 Cash 26 10 copier repair (miscellaneous) 18.50

y 1, a petty cash fund was established for $100. The following vouchers were issued during General Journal Date Voucher No. Purpose Amount How does grading work? uly 1 1 office supplies $ 3.00 GENERAL JOURNAL 3 donation (Goodwill) 15.00 DATE ACCOUNT TITLE POST. REF. DEBIT 3 travel expenses 5.00 Jul. 31 7 4 postage due 2.00 2 8 office supplies LOrtiz, Drawing 4.00 3 20.00 11 6. postage due 3.50 4. 15 7. phone call 5 Miscellaneous Expense 18.50 5.00 21 travel expenses 11.00 25 6. withdrawal by owner (L. Ortiz) 20.00 Cash 26 10 copier repair (miscellaneous) 18.50

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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On May 1, a petty cash fund was established for $200. The following vouchers were issued during May. Date Voucher Purpose Amount May 1 1 Office supplies $ 3.00 3 2 Birthday gift for office worker (misc. exp.) 15.00 5 3 Mileage reimbursement 5.00 7 4 Postage due 2.00 8 5 Office supplies 4.00 11 6 Donation—Goodwill (contribution exp.) 10.00 15 7 Telephone call (telephone exp.) 5.00 21 8 Mileage reimbursement 11.00 23 9 Withdrawal by owner (Carla Sanchez) 20.00 25 10 Postage due 3.50 26 11 Office supplies 17.00 28 12 Copier repair (misc. exp.) 18.50 Required: 1. Prepare the journal entry to establish the petty cash fund on May 1. 2. Record the vouchers in the petty cash record. Total and rule the petty cash record. 3. Prepare the journal entry to replenish the petty cash fund. Make…
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What is the journal entry to replenish the petty cash fund if expenses were Auto Expenses $75, Office Expenses $25, Postage $11. and cash on hand is $389. The Petty Cash fund started with $500. Edit View Insert Format Tools Table |BIUAv eu Ti v|: 12pt v Paragraph v hp 16 fa 19 ho 144 IOI 4 00
The petty cash fund of $200 for George Company appeared as follows on December 31, 2016: Cash $59.40 Petty cash vouchers Freight in S27 60 Postage 40.00 Balloons for a special occasion 68.00 Instructions 1. Briefly describe when the petty cash fond shodo te replenished. Because there is cash on hand, is there a need to replenish the fund at vear end dnecomena.oExplain. 2. Prepare in general journal form the entry to 19ptesh the fund. On December 31, the office manager givesunstret.ons.to merease the petty cash fund by s50. Make the appropriate journal entry 3.
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