Record the following transactions in the petty cash book: On January 1, 2010 petty cash clerk was
Question:
Record the following transactions in the petty cash book:
On January 1, 2010 petty cash clerk was provided with an imprest amount of 1,000 and he/she
incurred the following expenses during the month:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (3 reviews)
Detailed Explanation In the petty cash book minor regular costs are noted To record transactions in ...View the full answer
Answered By
Wonder Dzidzormenu
As a professional accountant and a teacher, I explain account ing concepts in a more practical way that makes students more connected to the subject.
With over 10 years of teaching accounting , I offer a well constructed , easily understood and in-depth explanations to students questions.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Mr John Bossis the CEO of JB to AB Mighty Moments Suppliers (Pty) Lty. He has been running a building material business since its formation on 28 February 2016. Unfortunately, his inexperienced...
-
Abdul maintains a petty cash book with an imprest amount of $150, which is restored on the first day of each month. He provided the following information on 31 August: $ Total of sundry expenses...
-
9. It is estimated that t years from now the population of a certain lakeside community will be changing at the rate of 0.6t2 +0.2t + 0.5 thousand people per year. Environmentalists have found that...
-
You expect that Bean Enterprises will have earnings per share of $3 for the coming year. Bean plans to retain all of its earnings for the next three years. For the subsequent two years, the firm...
-
What two assumptions are central to the IASB conceptual framework?
-
Find the probability that at least 3 of the 5 donors have Group O blood. If at least 3 Group O donors are needed, is it very likely that at least 3 will be obtained? Refer to the accompanying Minitab...
-
3. Prepare a fresh-start balance sheet for Hip as of July 8, 2016.
-
You have just gotten back the results from an RNAseq analysis of mRNAs from liver. You had anticipated counting the number of reads of each mRNA to determine the relative abundance of different...
-
A machine costs $400,000 and is expected to yield an after-tax net income of $9,000 each year. Management predicts this machine has a 9-year service life and a $80,000 salvage value, and it uses...
-
Pass journal entries for the following transactions: (i) Purchased machinery from Lohia Ltd of 1,20,000 (ii) Purchased furniture from Gulab Enterprises of 35,000 (iii) Paid to Lohia Ltd by cheque...
-
Record the following transactions in appropriate subsidiary books: Date 2010 January 1 January 2 January 3 January 3 January 4 January 5 January 6 January 7 January 8 January 9 January 10 January 12...
-
Why do organizations choose to shift costs to other payers?
-
Piperel Lake Resort's four employees are paid monthly. Assume an income tax rate of 20%. Required: Complete the payroll register below for the month ended January 31, 2021. (Do not round intermediate...
-
4. [Communication network 1] Consider the communication network shown in the figure below and suppose that each link can fail with probability p. Assume that failures of different links are...
-
The 60 deg strain gauge rosette is mounted on the bracket. The following readings are obtained for each gauge a = 100 106, b = 250 106, and c = 150 106. Determine: (a) the strains x, y, and xy for...
-
Assume the ledge has the dimensions shown and is attached to the building with a series of equally spaved pins around the circumference of the building. Design the pins so that the ledge can support...
-
Describe in detail about the arterial supply and venous drainage of heart with its Applied Anatomy?
-
How is thermal spraying similar to surfacing? How is it different?
-
The diameter of a sphere is 18 in. Find the largest volume of regular pyramid of altitude 15 in. that can be cut from the sphere if the pyramid is (a) square, (b) pentagonal, (c) hexagonal, and (d)...
-
The management of Kuiper Inc. asks your help in determining the comparative effects of the FIFO and LIFO inventory cost flow methods. For 2012, the accounting records show these data. Inventory,...
-
You have the following information for McBride Inc. for the month ended October 31, 2012. McBride uses a periodic method for inventory. Instructions(a) Calculate(i) Ending inventory ,(ii) Cost of...
-
You have the following information for Prospector Gems. Prospector uses the periodic method of accounting for its inventory transactions. Prospector only carries one brand and size of diamondsall are...
-
You would like to have a balance of $600,000 at the end of 15 years from monthly savings of $900. If your returns are compounded monthly, what is the APR you need to meet your goal?
-
Explain the importance of covariance and correlation between assets and understanding the expected value, variance, and standard deviation of a random variable and of returns on a portfolio.
-
On August 1 , 2 0 2 3 , Mark Diamond began a tour company in the Northwest Territories called Millennium Arctic Tours. The following occurred during the first month of operations: Aug. 1 Purchased...
Study smarter with the SolutionInn App