Rock Company has a ( $ 450 ) petty cash fund The following transactions occurred in December Prepare any necessary journal entries for these transactions Dec 2 The petty cash fund was increased to $1,350 8 Petty Cash Voucher No 318 for $14 20 delivery expense was prepared and paid The fund was not ...

The Answer is in the image, click to view ...

Rock Company has a ($ 450) petty cash fund. The following transactions occurred in December: Prepare any

Question:

Rock Company has a $\$ 450$ petty cash fund. The following transactions occurred in December:

image text in transcribed

Prepare any necessary journal entries for these transactions.

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

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

See More Books

Question Posted: Jun 16, 2024 04:13 AM

See More Questions

Assignment in attachment. Very simple assignment. Question 1 Cost of goods sold is determined only at the end of the accounting period in both a perpetual and a periodic inventory system. neither a...
i need help with this accounting data entry. please see the attachment Problem 8-2A Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a...
A Wanda's Wardrobes Ltd Objective: The objective of this assignment is for you to become familiar with the process of entering transaction data into a manual accounting system, and to test your...
Pty is in the process of developing several new products. One of them is innovative gymnastic equipment. The estimated labour time for the first unit is 12 hours but a learning curve of 80% is...
Use the advertised prices for Toyota Corollas given in Exercise 59 to create a linear model for the relationship between a car's Age and its Price. a) Find the equation of the regression line. b)...
Should Steve bear partial responsibility for the damage he and Nicole suffered, given that he purchased the sandwiches?
Short-run pricing, capacity constraints. Boutique Chemicals makes a specialized chemical product, Bolzene, from a specially imported material, Pyrone. To make 1 kilogram ofBolzene requires 1.5...
1. What problems might have contributed to the firms poor performance? 2. Although several problems were encountered in implementing the business plan, the primary reason for low profits turned out...
QUESTION 9 For a given maturity fixed-income asset, duration decreases as the market yield increases. O True O False
The following data pertain to England Company: 1. Balance per the bank statement dated June 30,1999 , is $\$ 30,000$. 2. Balance of the Cash in Bank account on the company books as of June 30,...
Use the data in Exercise 8-9. What entry would have been required if the amount of coin and currency had been $\$ 247.20$ ? Which of the accounts debited would not appear in the income statement?
Five shareholders together own 35 percent of the outstanding stock of Edmonds Industries. The remaining 65 percent is divided among several thousand shareholders. There are 400,000 shares of Edmonds...
Essay on: The Influence of Social Media on Individuals, Family, and Society. Also how social media influences us on a business end, how it influences us personally, and how they correlate.
A wastewater flow of 3550 m 3 /d is to be treated in a facultative pond system. The reaction rate coefficient at the average operating temperature is 0.35 d -1 . The pond system is assumed to behave...
Provide a brief overview using these environmental scanning steps as a guide: 1. Choose an industry of your interest such as technology, healthcare, retail, energy, etc. 2. Identify and briefly...
Your company is considering expanding into a new international market. Describe the market research you would conduct to evaluate the feasibility of entering this market, including factors such as...
Address the following from your Social Era research and the course scholarly literature: What are the key foundational underpinnings that shape the essence of what we call the social management era?...
Explain why auditors need an understanding of the client's industry. What information sources are commonly used by auditors to learn about the client's industry?
Akramin just graduated with a Master of Engineering in Manufacturing Engineering and landed a new job in Melaka with a starting salary of RM 4,000 per month. There are a number of things that he...
What is the risk profile of your company? (How much overall risk is there in this firm? Where is this risk coming from (market, firm, industry or currency)? (APPLE COMPANY LATEST DATA) How is the...
What is the duration for the following bond with annual payments? 5.6300 5.7957 4.9894 5.1910 5.3806
DOLLAR TREE GROCERY OUTLET Short-Term Liquidity 2021 2022 2021 2022 Current Ratio 1.35 1.51 1.86 1.67 Quick Ratio 0.24 0.15 0.63 0.42 Cash Ratio Cash Conversion Cycle 34.78 45.75 19.41 21.61 Days...

Rock Company has a ($ 450) petty cash fund. The following transactions occurred in December: Prepare any

Question:

Dec. 2 The petty cash fund was increased to $1,350. 8 Petty Cash Voucher No. 318 for $14.20 delivery expense was prepared and paid. The fund was not replenished at this time, 20 The company decided that the fund was too large and reduced it to $1,120.

Step by Step Answer:

Financial Accounting A Business Perspective

Students also viewed these Business questions