Prepare the journal entries for the following petty cash transactions of Online Gaming Supplies: Mar. 1 31
Question:
Prepare the journal entries for the following petty cash transactions of Online Gaming Supplies:
Transcribed Image Text:
Mar. 1 31 Apr. 15 Established a petty cash fund with a $150 balance. The petty cash fund has $14 in cash and $148 in petty cash tickets that were issued to pay for Supplies ($58) and Entertainment Expense ($90). Replenished the fund and recorded the expenditures. Increased the balance of the petty cash fund to $200.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
Answered By
Victoria Dimatteo
As a 4th year Ohio State University student on the pre-veterinary track, I will be applying to veterinary colleges this summer. I have taken my classes seriously and have gained extensive experience in the field to prepare myself for rigorous coursework while achieving my dream goal to obtain a DVM. While in college, I have made the decision to be an undergraduate teaching assistant for Animal Sciences 3140: Anatomy & Physiology, a pre-requisite course for many veterinary colleges.
During my time as a UTA, I have thoroughly enjoyed helping students better understand material and have taken into consideration different learning styles in order to ensure students do not feel stuck or discouraged. I highly encourage questions and attempt to connect various topics to one another to hopefully show my students the "bigger picture". I also take great pride in properly preparing my students for exams and have received feedback that my review sessions positively impacted student learning and information retention. As a result, I am incredibly thrilled when I can help students feel much more confident about material and I will encourage them to keep trying until they feel comfortable with the subject matter. It's perfectly acceptable to encounter obstacles when learning and it's crucial for students to understand they can overcome these learning curve hurtles!
0.00
0 Reviews
10+ Question Solved
Related Book For
Horngrens Accounting The Financial Chapters
ISBN: 9780137884858
14th Edition
Authors: Brenda Mattison, Tracie Miller-Nobles
Question Posted:
Students also viewed these Business questions
-
The following petty cash transactions of Grayson Gaming Supplies occurred in March: Established a petty cash fund with a $150 balance. The petty cash fund has $14 in cash and $148 in petty cash...
-
Prepare the journal entries for the following petty cash transactions of Grayson Gaming Supplies: Mar. 1 Established a petty cash fund with a $ 150 balance. 31 The petty cash fund has $ 14 in cash...
-
Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies: Mar. 1 Established a petty cash fund with a $200 balance. 31 The petty cash fund has $19 in cash and...
-
Conduct some additional research to learn more about Fabletics. How is Fabletics meeting customer needs through its value delivery network? What controversy surrounds the company? What type of...
-
The capital balances and profits- and loss-sharing percentages for the Sip, Jog, and Run partnership at December 31, 2016, are as follows: Sip capital (30%) ..............$160,000 Jog capital (50%)...
-
On January 1, 2024, Power Ltd. issued bonds with a maturity value of $5 million for $4,797,000, when the market rate of interest was 8%. The bonds have a contractual interest rate of 7% and mature on...
-
We can read, but can we count? The Census Bureau once gave a simple test of literacy in English to a random sample of 3400 people. The New York Times printed some of the questions under the headline...
-
Suppose the current price of gold is $1,200 an ounce. Hotshot Consultants advises you that gold prices will increase at an average rate of 12% for the next two years. After that the growth rate will...
-
when central banks intervene in the foreign exchange market they can undertake strilized or un sterilized intervention
-
A portfolio consisting of Stocks 1 and has an expected return of 14%. What is the standard deviation of this portfolio given the information about Stocks 1 and 2 in Table 3.1? Table 3.1 Expected...
-
A purchasing agent for Gordon Supplies receives the goods that he purchases and also approves payment for the goods. Requirements 1. How could this purchasing agent cheat his company? 2. How could...
-
Espinoza Air Conditioning & Heating had the following select financial data as of June 30, 2025. What is Espinoza Air Conditioning & Heatings cash ratio? a. 0.34 b. 0.65 c. 0.78 d. 1.54 Cash Cash...
-
Download the Interactive Computer Games (ICG) from the CRE Web site. Play the game, and then record your performance number for the module, which indicates your mastery of the material. Note: For...
-
2. Ten bars of a certain quality are tested for their diameters. The results are given below. Test the hypothesis at a 95% level of confidence that the mean diameter of the bars produced by the...
-
Write out the state of the list while being sorted using the bubble sort algorithm. 5 8 3 6 9 5 Java code is required.
-
f(x) = 2 X x + 25 X local maximum value local minimum value Need Help? Read It
-
Airbed and Breakfast (428 words): The Startup Story of AirbnbBrian and Joe were flat mates in downtown San Francisco. In mid-2007, IDSA conference crowded downtown, filled all hotel rooms, and drove...
-
# We are testing Null: = 100 against Alternative: 100 using a sample size of 15. The critical values for t for a = .10 are
-
Discuss advantages and disadvantages to both sellers and buyers of shipping FOB destination and FOB shipping point.
-
The financial statements of Eastern Platinum Limited (Eastplats) are presented in Appendix A at the end of this textbook. Instructions (a) Does East plats report any investments on its statement of...
-
Which of the following programs covers custodial care? A HMOs B Medicare Part B C PPOs D Medicare Part A E Medicaid
-
uppose a taxpayer has exhausted his lifetime exclusion amount and has $14 million. a. Assuming a flat 40% gift tax rate, what is the maximum amount a taxpayer can transfer to her daughter (and still...
-
Physical Units Method, Relative Sales Value Method Farleigh Petroleum, Inc., is a small company that acquires high - grade crude oil from low - volume production wells owned by individuals and small...
Study smarter with the SolutionInn App