If in Exercise 6B-2 cash on hand is $45, prepare the entry to replenish the petty cash

Question:

If in Exercise 6B-2 cash on hand is $45, prepare the entry to replenish the petty cash on December 31.

Data From Exercise 6B-2

In general journal form, prepare journal entries to establish a petty cash fund on December 1 and replenish it on December 31.

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

Step by Step Answer:

Related Book For book-img-for-question

College Accounting A Practical Approach Chapters 1-25

ISBN: 9780137504282

15th Edition

Authors: Jeffrey Slater, Mike Deschamps

See More Books

Question Posted: Feb 26, 2023 01:29 AM

See More Questions

The entry to replenish the petty cash fund requires Debit a. Petty Cash Fund b. Petty Cash Expense c. Cash d. Various Expense accounts Credit Cash Petty Cash Fund Petty Cash Fund Cash
If in Exercise 6A-2 cash on hand is $19, prepare the entry to replenish the petty cash on October 31. Data From Exercise 6A-2 In general journal form, prepare journal entries to establish a petty...
If in Exercise 6B-2 cash on hand is $20, prepare the entry to replenish the petty cash on December 31. Data From Exercise 6B-2 In general journal form, prepare journal entries to establish a petty...
Pew Research published survey results from two random samples. Both samples were asked, Have you listened to an audio book in the last year? The results are shown in the table below. a. Find and...
What would be an example of a business that isnt suitable for franchising?
According to the United Nations, what percentage of the worlds work (paid and unpaid) is done by women? a. 1/3 b. 1/2 c. 2/3 d. 3/4 LO.1
Cars and SUVs. Use the mean and standard deviation to compare the gas mileages of sedans (Table 11.2, page 233) and SUVs (Exercise 12.23). Do these numbers catch the main points of your more detailed...
1) Use the base case assumptions as well as the information presented in the case to build a four-year discounted cash flow model for Advanced Seal given a 50% cannibalization rate for the Premium...
Which of the following statements is CORRECT? One defect of the internal rate of return (IRR) method is that it: Select one: a. assumes that the cash flows to be received from a project can be...
Few IPOs have garnered as much attention as social media giant Facebooks public offering on May 18, 2012. It was the biggest IPO in Internet history, easily topping Googles initial public offering...
Jenn Wadden, owner of Wadden Home Decorating Service, has requested that you prepare from the following balances (a) An income statement for September 202X, (b) A statement of owners equity for...
The total wage expense for Grande Co. was $517,000. Of this total, $389,000 was above the FICA Social Security wage base limit and not subject to this tax. All earnings are subject to FICA Medicare...
Suppose that X is a random variable for which the p.d.f. or the p.f. is f (x|), where the value of the parameter is unknown but must lie in an open interval . Let I0() denote the Fisher information...
You are expected to suggest several functional tactics and how these short-term activities are used to achieve short term objectives and establish a competitive advantage. Within the general...
Carbon dioxide and nitrogen experience equimolar counterdiffusion in a circular tube whose length and diameter are 1m and 50mm, respectively. The system is at a total pressure of 1 atm and a...
A licensee recently was placed on court - ordered probation. Does the licensee have to report this to the Board?
1. Technology and Operations What task does the operations function in a manufacturing organisation and in a service organisation perform? How does operations strategy contribute to make to corporate...
Do the Following current market analysis - geographic , psychographic and behavioral of Klean Kanteen THIS IS THE DETAILS AND DRAFTS OF PAPER. (THIS IS THE BASIS) Open the link;...
Find a current computer ad in a magazine or newspaper or online. Identify each of the featured items in the ad, show its position in the system block diagram of Figure 11.1, explain how it operates,...
What types of inventory issues Starbucks might reflect upon at the end of each year? The mission of Starbucks is to inspire and nurture the human spiritone person, one cup, and one neighborhood at a...
September Company has five salaried employees. Your task is to use the following information to prepare a payroll register to calculate net pay for each employee: Assume the following:1. FICA OASDI...
The bookkeeper of Jungle Co. gathered the following data from individual employee earnings records and daily time cards. Your task is to complete a payroll register on October 13. Assume the...
You gathered the following data from time cards and individual employee earnings records. Your tasks are as follows: 1. On December 5, 201X, prepare a payroll register for this biweekly payroll. 2....
If John invested $20,000 in a stock paying annual qualifying dividends equal to 4% of his investment, what would the value of his investment be 5 years from now? Assume Johns marginal ordinary tax...
help asap please!
Please, help asap! I have one day. Feedback will be given. & show some work. [in Excel] For the final project you will need you to create a spreadsheet /proforma of the cash flows from a property....

If in Exercise 6B-2 cash on hand is $45, prepare the entry to replenish the petty cash

Question:

202X December 1 31 A $108 petty cash fund is established. At the end of the month, $35 cash plus the following paid vouchers exist: donations expense, $15; postage expense, $13; office supplies expense, $26; miscellaneous expense, $19.

Step by Step Answer:

Dec 31 Donations Expense Postage ...View the full answer

College Accounting A Practical Approach Chapters 1-25

Related Video

Students also viewed these Business questions