Question
1.1 The cash register tape for Bluestem Industries reported sales of $6,871.50. Record the journal entry that would be necessary for each of the following
1.1 The cash register tape for Bluestem Industries reported sales of $6,871.50. Record the journal entry that would be necessary for each of the following situations. (a) Cash to be accounted for exceeds cash on hand by $50.75. (b) Cash on hand exceeds cash to be accounted for by $28.32.
1.2 On March 20, Dodys petty cash fund of 100 is replenished when the fund contains 9 in cash and receipts for postage 52, freight-out 26, and travel expense 10. Prepare the journal entry to record the replenishment of the petty cash fund.
1.3 At July 31, Wenji Interiors has the following bank information (amounts in thousands): cash balance per bank 7,420, outstanding checks 762, deposits in transit 1,620, and a bank service charge 20. Determine the adjusted cash balance per bank at July 31
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