ACCOUNTING HOMEWORK CHAPTER 10 :)

1.

Read the following transactions.

1. Lourdes LLC. keeps a $100 change fund in its cash register. At the end of the day, cash sales per the register tape were $3,280. The cash count was $3,700.

Calculate the amount over or short.

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2.

Read each of the following transactions.

A)	The cash sales per a register tape were $547. The cash count is $569.
B)	The cash sales per a register tape were $8,200. The cash count is $7,830.

Prepare the general journal entries to record the above transactions

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3.

During the month a company paid $56.75 for office supplies and $65.22 for miscellaneous expenses from the petty cash fund. The entry to replenish the petty cash fund at the end of the month would include

a debit to Petty Cash for $121.97.

a debit to Cash for $121.97.

a credit to Cash for $121.97.

a credit to Office Supplies for $56.75.

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4.

Read each of the following transactions.

A)	The cash sales per a register tape were $550. The cash count is $575.
B)	The cash sales per a register tape were $8,500. The cash count is $8,100.

Prepare the general journal entries to record the above transactions.

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5.

Of the four categories listed in a bank reconciliation, which one(s) require a journal entry(ies) in the firm's records?

Bank Statement Balance Additions and Bank Statement Balance Deductions

Bank Statement Balance Additions and Book Balance of Cash Additions

Bank Statement Balance Deductions and Book Balance of Cash Deductions

Book Balance of Cash Additions and Book Balance of Cash Deductions

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