Journalize the establishment of petty cash fund transaction in the books of B Agency.

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Answer 1

Question

Chapter 8, Problem 4QS

1.

(a).

To determine

Journalize the establishment of petty cash fund transaction in the books of B Agency.

(b).

To determine

Journalize the reimbursement of petty cash fund transaction.

2.

a.

To determine

Indicate two transactions that cause the Petty Cash account to be credited.

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H. Smith is employed at a rate of $35 (USD) PER HOUR FOR A FORTY HOUR WORK WEEK:any hour over the forty smith is paid an additional $5usd. during the month of march 2016 smith worked the following schedule: Work week hours worked benefits Value of benefits March 1-4 40 cell phone 15000.00TT$ March 7-11 45 Housing 40,000 March 14-18 42 Motor car 45,000 March 28-31 41 Cash Allowance 100,000 Tax Credits: Personal allowance 75,000, NIC 9% OF BASIC PAY, PAYE rate vv25%. using an exchange rate of $1.50tt$ for us $1, compute the net pay of mr smith formonth ending march 31,2016 in TT currency.

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Answer 2

Question

Chapter 8, Problem 4QS

1.

(a).

To determine

Journalize the establishment of petty cash fund transaction in the books of B Agency.

(b).

To determine

Journalize the reimbursement of petty cash fund transaction.

2.

a.

To determine

Indicate two transactions that cause the Petty Cash account to be credited.

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Answer 3

Question

Chapter 8, Problem 4QS

1.

(a).

To determine

Journalize the establishment of petty cash fund transaction in the books of B Agency.

(b).

To determine

Journalize the reimbursement of petty cash fund transaction.

2.

a.

To determine

Indicate two transactions that cause the Petty Cash account to be credited.

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Answer 4

Question

Chapter 8, Problem 4QS

1.

(a).

To determine

Journalize the establishment of petty cash fund transaction in the books of B Agency.

(b).

To determine

Journalize the reimbursement of petty cash fund transaction.

2.

a.

To determine

Indicate two transactions that cause the Petty Cash account to be credited.

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Answer 5

Chapter 8, Problem 4QS

1.

(a).

To determine

Journalize the establishment of petty cash fund transaction in the books of B Agency.

(b).

To determine

Journalize the reimbursement of petty cash fund transaction.

2.

a.

To determine

Indicate two transactions that cause the Petty Cash account to be credited.

Answer 6

Chapter 8, Problem 4QS

1.

(a).

To determine

Journalize the establishment of petty cash fund transaction in the books of B Agency.

Answer 7

Chapter 8, Problem 4QS

1.

(a).

To determine

Journalize the establishment of petty cash fund transaction in the books of B Agency.

Answer 8

(b).

To determine

Journalize the reimbursement of petty cash fund transaction.

Answer 9

(b).

To determine

Journalize the reimbursement of petty cash fund transaction.

Answer 10

2.

a.

To determine

Indicate two transactions that cause the Petty Cash account to be credited.

Answer 11

2.

a.

To determine

Indicate two transactions that cause the Petty Cash account to be credited.

Answer 12

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Answer 13

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Answer 14

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Answer 15

Ch. 8 - Prob. 2MCQ Ch. 8 - Prob. 3MCQ Ch. 8 - Prob. 1MCQ Ch. 8 - Prob. 4MCQ Ch. 8 - Prob. 5MCQ Ch. 8 - Prob. 1DQ Ch. 8 - Prob. 2DQ Ch. 8 - Prob. 3DQ Ch. 8 - Prob. 4DQ Ch. 8 - Prob. 5DQ

Journalize the establishment of petty cash fund transaction in the books of B Agency.

Concept explainers

Journalize the establishment of petty cash fund transaction in the books of B Agency.

Journalize the reimbursement of petty cash fund transaction.

Indicate two transactions that cause the Petty Cash account to be credited.

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Chapter 8 Solutions