The following transactions occurred in April 2023 for Silvas Designs: Required a. Record the appropriate entries in
Question:
The following transactions occurred in April 2023 for Silva’s Designs:
Required
a. Record the appropriate entries in the general journal and the auxiliary petty cash record as needed.
b. Replenish the petty cash fund on April 30 (cheque No. 18).
Transcribed Image Text:
Apr. 1 Issued cheque No. 14 for $120 to establish a petty cash fund. Paid $10 from petty cash for postage, voucher No. 1. 5 Paid $19 from petty cash for office supplies, voucher No. 2. Issued cheque No. 15 to Upright Corp. for $160 for past purchases on account. 17 Paid $17 from petty cash for office supplies, voucher No. 3. 20 Issued cheque No. 16 to Barret Corp. $675 for past purchases on account. 24 26 Paid $19 from petty cash for postage, voucher No. 4. Paid $12 from petty cash for local church donation, voucher No. 5 (a miscellaneous payment). 28 Issued cheque No. 17 to Jay Loon to pay for office equipment, $625. 30 Replenished petty cash, cheque No. 18. Assume no shortage or overage.
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Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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