The following transactions occurred in April for Pleasant Co.: Your tasks are to do the following:1. Record
Question:
The following transactions occurred in April for Pleasant Co.:
Your tasks are to do the following:1. Record the appropriate entries in the general journal as well as theauxiliary petty cash record as needed.2. Replenish the petty cash fund on April 30 (check no. 18).
201X Apr. 1 Issued check no. 14 for $130 to establish a petty cash fund. 5 Paid $16 from petty cash for postage, voucher no. 1. Paid $17 from petty cash for office supplies, voucher no. 2. Issued check no. 15 to Deceptive Corp. for $140 for past purchases on account. 15 17 Paid $22 from petty cash for office supplies, voucher no. 3. 20 Issued check no. 16 to Danish Corp. for $750 for past purchases on account. 24 Paid $20 from petty cash for postage, voucher no. 4. 26 Paid $7 from petty cash for local church donation, voucher no. 5 (a miscellaneous payment). 28 Issued check no. 17 to Jim Plaon to pay for office equipment, $700. 30 Replenished petty cash, check no. 18. Assume no shortage or overage.
Step by Step Answer:
GENERAL JOURNAL PAGE 2 Date 201X Account Titles and Description PR Dr Cr Apr 1 Petty Cash 1 3 0 0...View the full answer
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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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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