A petty cash imprest float of $300 is established. Prepare the journal and post to the general
Question:
A petty cash imprest float of $300 is established. Prepare the journal and post to the general ledger accounts in a modified T account format.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Petty Cash Imprest Fund Journal Entry and Posting Transaction Establishing a petty cas...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Accounting An Introduction To Principles And Practice
ISBN: 9780170403832
9th Edition
Authors: Edward A. Clarke, Michael Wilson
Question Posted:
Students also viewed these Business questions
-
Prepare as a general journal the commencement of a petty cash imprest float of $500.00. In the balance sheet, what is the classification of the accounts affected by the establishment of the petty...
-
Prepare the petty cash book for May 2022 of Dorothy Ahkoi, who started a petty cash imprest float on 1 May. Show the cash payments journal as an extract and post to the general ledger. 1 Petty cash...
-
Prepare the petty cash book of Win Dsor for March 2022, who has a petty cash imprest float of $210.00. Show the cash payments journal as an extract and post to the general ledger. 4 Milk bill $6.30....
-
A long, slender bar in the shape of a right circular cone with length L and base diameter d hangs vertically under the action of its own weight (see figure). The weight of the cone is W and the...
-
What are the parts of the three-stage model of creativity?
-
When is DH = 5-RT? When is DE = 5-RT? When is DH = 32 RT? When is DE = 32 RT? When is DH = DE? What does this say, if anything, about DE and DH as state functions?
-
On checking a bank statement against the bank account details in the cash book, you find that a direct debit for rates has not been entered in the cash book. Do you: a. Debit the bank account and...
-
Police radar detects the speed of a car (Fig. P39.19) as follows. Microwaves of a precisely known frequency are broadcast toward the car. The moving car reflects the microwaves with a Doppler shift....
-
Rouse Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Rouse allocates overhead based on yards of direct materials. The company's performance report...
-
You are required to prepare a petty cash book and an extract of the cash payments journal, and post to the general ledger of L Baird for March 2022. The solution is used in question 8.20. 2 A petty...
-
From the information for R Buchan given in figure 8.33, you are required to prepare a bank reconciliation statement and a cash balance summary. If there are any adjustments required, assume that the...
-
Are there any practices or policies that the organization could implement to allow for greater worklife balance?
-
A company manufactures only custom furniture and uses a job order costing system to accumulate costs. Actual direct materials and direct labor costs are accumulated for each job, but a predetermined...
-
Obtain the following variables from Compustat North America's Fundamentals Annual data via WRDS: GVKEY (firm identifier), FYEAR, DLTT, DLC, CEQ, PRCC_F, CSHO, SICH, and SIC for all available...
-
Croy Incorporated has the following projected sales for the next five months: Month Sales in Units April 3 , 5 3 0 May 3 , 9 5 0 June 4 , 5 5 0 July 4 , 1 6 5 August 3 , 9 5 0 Croy s finished goods...
-
Question 1 You will be creating an invoicing system for the sales of PC parts. The file "Assignment_Q1.xlsm" contains the worksheets "Sales Point", "Items Database", and "Voucher Database". The...
-
JAVA LANGUAGE ONLY!!! I AM USING INTELLIJ IDEA COMMUNITY VERSION MAKE A MATRIX CALCULATOR INSTRUCTIONS ARE WRITTEN BELOW SEE 2ND PHOTO TO SEE WHAT SHOULD THE UML DIAGRAM OF THE CODE SHOULD LOOK LIKE...
-
Refer to Polaris financial statements in Appendix A to answer the following. 1. Are Polaris financial statements consolidated? How can you tell? 2. What is Polaris comprehensive income for the year...
-
SBS Company have received a contract to supply its product to a Health Care Service Hospital. The sales involve supplying 1,250 units every quarter, the sales price is RM 85 per unit. The Client...
-
Overtons Outdoor Centre is owned and run by Kym Overton, using the periodic inventory system and balancing her books at monthend. At 30 April 2019, the balances of the Accounts Receivable Control and...
-
Read the article below and answer the questions that follow. Charitable organisations by definition aim to do good with the money they receive and spend. But what about the investments they make?...
-
Find the latest available annual report for a university (preferably your university). Write a report (no more than three pages) and prepare a five-minute oral and visual presentation focusing on the...
-
Squeaky Shine provides car washing services in Jersey City, New Jersey. A three-month pass for automatic car wash sells for $60, which entitles the customer for an unlimited number of car washes...
-
With so many universities already in the market, why would a University decide to proceed with its new online MBA degree offering? Identify the cash flows that a University must include in its...
-
Which of the following best describes the calculation of a business's gross income? a. Gross income is calculated by adding up all revenue received within a tax year, including returns, allowances,...
Study smarter with the SolutionInn App