Prepare the journal entries for the following petty cash transactions of Online Gaming Supplies: Mar. 1 31
Question:
Prepare the journal entries for the following petty cash transactions of Online Gaming Supplies:
Transcribed Image Text:
Mar. 1 31 Apr. 15 Established a petty cash fund with a $150 balance. The petty cash fund has $14 in cash and $148 in petty cash tickets that were issued to pay for Supplies ($58) and Entertainment Expense ($90). Replenished the fund and recorded the expenditures. Increased the balance of the petty cash fund to $200.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Victoria Dimatteo
As a 4th year Ohio State University student on the pre-veterinary track, I will be applying to veterinary colleges this summer. I have taken my classes seriously and have gained extensive experience in the field to prepare myself for rigorous coursework while achieving my dream goal to obtain a DVM. While in college, I have made the decision to be an undergraduate teaching assistant for Animal Sciences 3140: Anatomy & Physiology, a pre-requisite course for many veterinary colleges.
During my time as a UTA, I have thoroughly enjoyed helping students better understand material and have taken into consideration different learning styles in order to ensure students do not feel stuck or discouraged. I highly encourage questions and attempt to connect various topics to one another to hopefully show my students the "bigger picture". I also take great pride in properly preparing my students for exams and have received feedback that my review sessions positively impacted student learning and information retention. As a result, I am incredibly thrilled when I can help students feel much more confident about material and I will encourage them to keep trying until they feel comfortable with the subject matter. It's perfectly acceptable to encounter obstacles when learning and it's crucial for students to understand they can overcome these learning curve hurtles!
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780137884858
14th Edition
Authors: Brenda Mattison, Tracie Miller-Nobles
Question Posted:
Students also viewed these Business questions
-
The following petty cash transactions of Grayson Gaming Supplies occurred in March: Established a petty cash fund with a $150 balance. The petty cash fund has $14 in cash and $148 in petty cash...
-
Prepare the journal entries for the following petty cash transactions of Grayson Gaming Supplies: Mar. 1 Established a petty cash fund with a $ 150 balance. 31 The petty cash fund has $ 14 in cash...
-
Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies: Mar. 1 Established a petty cash fund with a $200 balance. 31 The petty cash fund has $19 in cash and...
-
Conduct some additional research to learn more about Fabletics. How is Fabletics meeting customer needs through its value delivery network? What controversy surrounds the company? What type of...
-
The capital balances and profits- and loss-sharing percentages for the Sip, Jog, and Run partnership at December 31, 2016, are as follows: Sip capital (30%) ..............$160,000 Jog capital (50%)...
-
Yuan Xi has just opened a company that imports fine ceramic gifts from China and sells them over the Internet. In planning his business, Xi did the following: 1. Listed his expected expenses and...
-
What was the importance of the Big Bang?
-
Sal's International Barbershop is a popular haircutting and styling salon near the campus of the University of New Orleans. Four barbers work full-time and spend an average of 15 minutes on each...
-
content area top Part 1 A golf analyst claims that the standard deviation of the 18-hole scores for a golfer is less than 3.1 strokes. State Upper H 0 and Upper H Subscript a in words and in symbols....
-
1. Are the auditors guilty of malpractice? Explain. 2. What defenses are available to Joker & Wild in this case? Explain what they must prove to successfully assert these defenses. 3. Assume you are...
-
A purchasing agent for Gordon Supplies receives the goods that he purchases and also approves payment for the goods. Requirements 1. How could this purchasing agent cheat his company? 2. How could...
-
Espinoza Air Conditioning & Heating had the following select financial data as of June 30, 2025. What is Espinoza Air Conditioning & Heatings cash ratio? a. 0.34 b. 0.65 c. 0.78 d. 1.54 Cash Cash...
-
Consider the control system in Figure CP10.1, Where Develop an m-file to show that the phase margin is approximately P.M. = 50 and that the percent overshoot to a unit step input is approximately...
-
A, B, and C are forming a new partnership each contributing cash of 200,000 and their respective office equipment and supplies valued at 100,000, 200,000, and 300,000 respectively. A's noncash...
-
Furniture priced at $20,000 is purchased. A deposit of 15% is paid. The balance is borrowed using a flatrate loan at 19% per annum interest, to be repaid in equal monthly instalments over five years....
-
You have been asked to estimate the cost of capital for the UTX corporation. The company has 7 million shares and 150,000 bonds outstanding at par value $10,000. In addition, it has $300 million in...
-
In a decision in 2022, the U.S. Supreme Court overturned its earlier decision in Roe v. Wade, which had stood for more than 40 years. In Roe v. Wade, the Court had held that the right to choose to...
-
How does this case illustrate clients' cultural differences? Are the views and conduct of the parent in this case the same as you have and would have taken? What ethical obligations does the...
-
Estimating fixed and variable cost using the regression method Ray Rogers, the production manager of Martin Construction Components, is trying to figure out the cost behavior of his factory supplies...
-
A researcher reports a significant two-way between-subjects ANOVA, F(3, 40) = 2.96. State the decision to retain or reject the null hypothesis for this test.
-
he variable age is a possible confounder in this study. Choose the best reason why. A variable is a confounder if, based on its value, it prohibits some members of the sample from participating in...
-
Who would qualify for the Earned Income Tax Credit (EITC)? a.) A person with no dependent children who earned $56,000 in 2020 b.) A married couple with three dependent children who earned $120,000 in...
-
Depreciation is the accountant's estimate of the cost of Blank______ used up in the production process
Study smarter with the SolutionInn App