If, in exercise E9-2B, cash on hand was $17, prepare the entry to replenish the petty cash
Question:
If, in exercise E9-2B, cash on hand was $17, prepare the entry to replenish the petty cash on July 31.
Data from in exercise E9-2B.
In general journal form, prepare journal entries to establish a petty cash fund on July 2 and replenish it on July 31.
Transcribed Image Text:
2021 July 2 A $104 petty cash fund is established. At the end of the month, $21 cash plus the following paid vouchers exist: donations expense, $21; postage expense, $18; office supplies expense, $29; miscellaneous expense, $15.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (10 reviews)
2021 July 31 Donations Expense Postage ...View the full answer
Answered By
RAHUL BAROI
After getting M.Sc degree in Life Sciences, I've qualified 3 national level test conducted by Indian Govt. agency for fellowship of Ph.D Program. I have qualified test conducted by CSIR-UGC, DBT and selected for DST Fellowship. I am recipient of DST INSPIRE Scholarship for my Under graduate and Post Graduate program in Life Sciences for being in the top 1% of class XII standard board examination. I've also selected for Central Sector Scheme of Scholarship provided by Ministry of Human Resource and Development, Govt of India.
Although I don't have any experience but I like to share knowledge among the people but unfortunately I didn't get any opportunity or platform.
I am not socially active in facebook or in other social media but I keep my self updated with Scientific and all other Govt. related programs.
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780135222416
14th Canadian Edition
Authors: Jeffrey Slater, Debra Good
Question Posted:
Related Video
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
Students also viewed these Business 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
-
Prepare in general journal form the workpaper entries to eliminate Prancer Companys investment in Saltez Company in the preparation of a consolidated balance sheet at the date of acquisition for each...
-
If, in exercise E9-2A, cash on hand was $11, prepare the entry to replenish the petty cash on July 31. Data from in exercise E9-2A. In general journal form, prepare journal entries to establish a...
-
Fun Cosmetics Ltd. is a skincare product manufacturer based in New Zealand that produces the LoveSkin instant moisturizer for women. Because of the reliability and quality of its products, it has...
-
(a) How much power is dissipated in the circuit described in Exercise 36b using the initial values of resistance, inductance, and capacitance? In exercise A resistor, an inductor, and a capacitor...
-
What are your other potential sources of funding?
-
Which of the eight reasons for new-product failure did X-1 avoid to ensure the success of X-1s products?
-
Refer to Data Set 6 in Appendix B and use the paired data consisting of brain volume (cm3) and IQ score. Use the data from Appendix B to testfor rank correlation with a 0.05 significance level.
-
1 0 . Discuss replacement value insurance, renter s insurance, and uninsured motorist insurance.
-
Your best friend is very excited. They've decided to start a printing company, focused on servicing business and corporate customers. They've come to you for advise on how to set the company up. Your...
-
Alanda Yousef Bookkeeping Services has only a general journal in its accounting system and uses it to record all the transactions. However the company recently set up a petty cash fund for payment of...
-
Shown below are the following for Casing Suppliers Ltd. of Oakville: a. General ledger printout for March 2022. b. Bank reconciliation as of February 28, 2022. c. Bank statement for March 2022....
-
Pearl owns 60 percent of Gorman Corp.'s stock. During 2014, Pearl contributed property with an adjusted basis of \(\$ 20,000\) and a fair market value of \(\$ 15,000\) to Gorman Corp. in a...
-
20 of 30 Operational, organizational, historical, and custom are all types of need to check on a daily basis as a system administrator. that you'll reporting logging monitoring
-
Consider each of the 3 definitions of "Health" below: 1) "a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity". (WHO) 2) "the ability to...
-
What is the expected FY24 accounts receivable amount and the net plant & equipment amount? Sales Cost of Goods Sold Other Expenses Depreciation Taxable Income Taxes (21%) Net Income FY23 Income...
-
Using research literature in project management, explain the differences between traditional project management from a tactical and strategic perspective. What are the short-term differences? What...
-
The expected value for a question was: E(X) = ( 1 / t h e t a ) ( ( e 5 6 ) / ( and 5 1 ) ) Using the E(X) above, comapre this expected value with the expected value of the Expo(theta) distribution,...
-
Considering Eq. (3.30), show that the expression is correct as it applies to a plane wave for which the direction of the electric field is constant. KxE= (3.30) Ey 3 .
-
Diamond Walker sells homemade knit scarves for $25 each at local craft shows. Her contribution margin ratio is 60%. Currently, the craft show entrance fees cost Diamond $1,500 per year. The craft...
-
Abby Ellen opened Abbys Toy House. As her newly hired accountant, your tasks are to do the following: 1. Journalize the transactions for the month of March. Abby uses special journals for sales on...
-
Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance of$21,000. Merchandise Inventory 114 Income Summary 313 54,000
-
Given the following, journalize the adjusting entries for Merchandise Inventory. Note that ending inventory has a balance of$21,000. Merchandise Inventory 114 Income Summary 313 54,000
-
Assignment Title: The Role of Bookkeeping in Business Management and Financial Reporting Objective: Understand the importance of proper bookkeeping procedures in the management of...
-
17) The adjustment that is made to allocate the cost of a building over its expected life is called:A) depreciation expense.B) residual value.C) accumulated depreciation.D) None of the above answers...
-
9) Prepaid Rent is considered to be a(n):A) liability.B) asset.C) contra-asset.D) expense.10) As Prepaid Rent is used, it becomes a(n):A) liability.B) expense. C) contra-asset.D) contra-revenue.11)...
Study smarter with the SolutionInn App