Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jan 17, 2022

A $ 260 petty cash fund has cash of $ 45 and receipts of $ 240 . The journal entry to replenish the account would

A $260 petty cash fund has cash of $45 and receipts of $240. The journal entry to replenish the account would include a credit to

Cash for $215.

Petty Cash for $215.

Cash Over and Short for $45.

Cash for $240.

Step by Step Solution

★★★★★

3.44 Rating (157 Votes )

There are 3 Steps involved in it

Step: 1

A 260 petty cash fund has cash of 45 and receipts of 240 The journal entry t... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584

More Books

Students also viewed these Accounting questions

Question

★★★★★

A $ 295 petty cash fund has cash of $ 35 and receipts of $ 249 . The journal entry to replenish the account would include debit to Cash for $ 249 . debit to Petty Cash for $ 260 . credit to Cash for...

Answered: 1 week ago

Question

★★★★★

A $ 205 petty cash fund has cash of $ 34 and receipts of $ 175 . The journal entry to replenish the account would include a debit to Cash for $ 171 . credit to Cash for $ 175 . credit to Cash Over...

Answered: 1 week ago

Question

★★★★★

A $ 162 petty cash fund has cash of $ 37 and receipts of $ 124 . The journal entry to replenish the account would include a credit to Petty Cash for $ 124 . credit to Cash Over and Short for $ 1 ....

Answered: 1 week ago

Question

★★★★★

print_list Favorite Language/Type: Author: Write a function named print_list that accepts a list of integers as a parameter and prints them, one per line, in the format shown. Your code should work...

Answered: 1 week ago

Question

★★★★★

Citron Mechanical Systems makes all sales on credit, with terms 1/15, n/30. During 2011, the list price (prediscount) of services provided was $687,500. Customers paid $482,000 (list price) of these...

Answered: 1 week ago

Question

★★★★★

SCOP TI is considering introducing a variation of its current breakfast tea, Earl Grey 1336. The new tea bags will be similar to the old with the exception that it will contain small caramel-flavored...

Answered: 1 week ago

Question

★★★★★

2. Use different groups for different subjects.

Answered: 1 week ago

Question

★★★★★

The budget director of Outdoor Chef Grill Company requests estimates of sales, production, and other operating data from the various administrative units every month. Selected information concerning...

Answered: 1 week ago

Question

★★★★★

Willie Cheetum is the CEO of Happy Foods, a distributor of produce to grocery store chains throughout the Midwest. At the end of the year, the company's accounting manager provides Willie with the...

Answered: 1 week ago

Question

★★★★★

Norr and Caylor established a partnership on January 1, 2019. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000....

Answered: 1 week ago

Question

★★★★★

Cornerstone Exercise 9-27 (Algorithmic) Debt Issued at a Discount (Straight Line) On January 1, 2020, Drew Company isted $1,350,000, 5-year bonds for $1,282,500. The stated rate of interest was 9%...

Answered: 1 week ago

Question

★★★★★

A man wants to ensure an inflation-adjusted income for 25 years of $100 per monthfor the first year, increasing 5% each year for the next 24 years, but starting in 15 years' time . All the payments...

Answered: 1 week ago

Question

★★★★★

Your company needs to use an equipment for a project. If you decide to purchase it, you need to pay $60,000 today and the maintenance cost is $10,000 every year for three years (the first payment is...

Answered: 1 week ago

Question

★★★★★

i need a three substantive paragraphs. Is your organization unaffected by the global pandemic, or has your organization had to fundamentally re-examine its mission, vision and strategic goals? At the...

Answered: 1 week ago

Question

★★★★★

Build a stakeholder register for this You work for the local school district. A new mandate has been handed down that requires every school to record all verified student immunization records into...

Answered: 1 week ago

Question

★★★★★

The Scenario FordDirect (http://www.forddirect.com Links to an external site.) sells digital products to 4000+ Ford and Lincoln dealerships to help market and sell Ford and Lincoln vehicles A dealer...

Answered: 1 week ago

Question

★★★★★

LKD Co. has 12 percent coupon bonds with a YTM of 8.8 percent. The current yield on these bonds is 9.7 percent. How many years do these bonds have left until they mature?

Answered: 1 week ago

Question

★★★★★

6 (a) Briefly develop a mathematical model of the behaviour of a copper-twisted pair cable (b) Derive the magnetic energy from: w given that: K + w, where the - - k symbols have their usual meaning...

Answered: 1 week ago

Question

★★★★★

What payroll taxes is the employer responsible for paying?

Answered: 1 week ago

Question

★★★★★

Restaurant Supplies suffered a terrible tornado, and its entire merchandise inventory was destroyed. Restaurant Supplies needs to estimate its ending merchandise inventory to collect insurance. The...

Answered: 1 week ago

Question

★★★★★

Rae Philippe was a warehouse manager for Atkins Oilfield Supply, a business that operated across eight Western states. She was an old pro and had known most of the other warehouse managers for many...

Answered: 1 week ago

Question

★★★★★

The correlation matrix obtained for the variables SBP (Y), AGE (X1), SMK (X2), and QUET (X3), using the data from Problem 2 in Chapter 5, is given by a. Based on this matrix, which of the independent...

Answered: 1 week ago

Question

★★★★★

The accompanying SAS computer output relates to the house price data of Problem 10 in Chapter 8. Use this output and, if necessary, the output associated with Problem 9 in Chapter 9 to answer the...

Answered: 1 week ago

Question

★★★★★

Use the results from Problem 4 in Chapter 8, as well as the computer output given here, to answer the following questions about the data from that problem. a. Conduct the overall regression F test...

Answered: 1 week ago

Previous Question Next Question