On March 20, Terrells petty cash fund of $100 is replenished when the fund contains $7 in

Question:

On March 20, Terrell’s petty cash fund of $100 is replenished when the fund contains $7 in cash and receipts for postage $52, freight-out $26, and travel expense $10. Prepare the journal entry to record the replenishment of the petty cash fund.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

See More Books

Question Posted: Sep 20, 2011 08:30 AM

See More Questions

On March 20, Yang Ltd.'s petty cash fund of 1,000 is replenished when the fund contains 90 in cash and receipts for postage 520, freight-out 260, and travel expense 100. Prepare the journal entry to...
Prepare the journal entry to record Channel One Companys issuance of 100,000 shares of $0.50 par value common stock assuming the shares sell for: a. $0.50 cash per share. b. $2 cash per share.
Prepare the journal entry to record Selectist Companys issuance of 104,000 shares of no-par value common stock assuming the shares: a. Sell for $15 cash per share. b. Are exchanged for land valued at...
Jim Redman purchased a car from Bill Branch Chevrolet. However, the car had been reported stolen and Jim was unable to secure a good title. Redman sued Bill Branch Chevrolet on the breach of the...
A project consists of replacing the track on an existing railroad line, involving 3,000 feet of track. The old track can be removed at a rate of 70 feet per hour. The old railroad ties can be removed...
Write a lambda expression that converts an integer into the square of that integer; for example, 4 would become 16.
1.3
A firms cost of capital is 12 percent. The firm has three investments to choose among; the cash flows of each are as follows: Each investment requires a $1,000 cash outlay, and investments B and C...
Farthington Soccer Supplles purchases merchandise from a supplier on creditterms 110, 1/30 for $15,500. When recording the payment of the invoice within the discount period in its cash payments...
Jorge is a registered nurse at a facility that cares for about 80 elderly patients. Jorge has been at the facility longer than any of the other nurses and has his choice of schedule; he believes he...
Mingenback Company has the following internal control procedures over cash disbursements. Identify the internal control principle that is applicable to each procedure. 1. Company checks are...
Gary Cunningham is uncertain about the control features of a bank account. Explain the control benefits of (1) A check (2) A bank statement.
What is the objective of PPBS?
What is brand awareness for Jam & Daisies ? their leaning advantage, consideration advantage, choice advantages? 5. what is the recommendation of brand awareness? 6. What is Brand recognition? 7....
On August 1st, Custom Car Co's work in process inventory was $24900; its raw materials inventory was $6000; manufacturing overhead had a $1800 debit balance. Work in Process Subsidiary Data 8/1:...
Case: Castoro & Partners, CPAs is auditing Cloud 9 for the FY2023. Cloud 9 is a small public company and has been an audit client of Castoro & Partners since 2018. Materiality Methodology: Overall...
1)Solve the following differential equations by Undetermined Coefficient Method. dy dx dy - 4- 4+ 4y = 16x2e2x dx
Every year Monty Industries manufactures 8,600 units of part 231 for use in its production cycle. The per unit costs of part 231 are as follows: Direct materials Direct labor Variable manufacturing...
Springfield Bank and Trust is considering giving Homer Company a loan. Before doing so, they decide that further discussions with Homers accountant may be desirable. One area of particular concern is...
What is beacon marketing? What are digital wallets?
Using DeMorgans Law, write an expression for the complement of Fif F(x,y,z) = (x + y)(x + 2)(y' + )'.
What advantages does the profitability index provide over direct comparison of net present value when comparing two projects?
What advantages does the profitability index provide over direct comparison of net present value when comparing two projects?
What advantages does the profitability index provide over direct comparison of net present value when comparing two projects?
Production numbers for 2 shifts are shown. The shift supervisor of Shift 2 insists to the production manager that her operators are more productive than the ones on Shift 1. Using a confidence level...
In a class, the scores that students got are as shown. What are the 25, 50, 75 and 100th percentiles for the data? 84 84 98 80 89 83 85 56 85 84 84 74 84 81 83 80 45 86 67 79 81 78 76 85 83 77 86 83...
Number of points made by Teams A and B are shown. Which statement is true based on running the F-Test Two-Sample for Variances in the Data Analysis pack in Excel? Use a confidence level of 10% to...

On March 20, Terrells petty cash fund of $100 is replenished when the fund contains $7 in

Question:

Step by Step Answer:

Mar 20 Postage Expe...View the full answer

Accounting Principles

Students also viewed these Cost Accounting questions