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Chart of Accounts General Ledger ASSETS 110 Cash 111. Pelty Cash 112 Accounts Receivable 131 Notes Receivable 141 Merchandise inventory 145 Office Supplies 146 Store

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Chart of Accounts General Ledger ASSETS 110 Cash 111. Pelty Cash 112 Accounts Receivable 131 Notes Receivable 141 Merchandise inventory 145 Office Supplies 146 Store Supplies 151 Prepaid insurance 181 Land 191 Office Equipment 192 Accumulated Depreciation-Office Equipment 193 Store Equipment 194 Accumulated Depreciation-Store Equipment REVENUE 410 Sales 610 Interest Revenue EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 520 Salaries Expense 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 193 Store Equipment 194 Accumulated Depreciation-Store Equipment LIABILITIES 211 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salaries Payable 241 Sales Tax Payable 534 Office Supplies Expense 535 Rent Expense 536 Repairs Expense 537 Selling Expenses 538 Store Supplies Expense 561 Depreciation Expense-Office Equipment 562 Depreciation Expense-Store Equipment 590 Miscellaneous Administrative Expense 710 Interest Expense EQUITY 310 Common Stock 311 Retained Eamings 312 Dividends 313 Income Summary The controler has complefed the. T accounts for the CaAhand Sales accounts as of January 30 , but needs to attend an irpportant conterence in another chy She has requested that you prepare the T account for the Cosb Stort and Over account as of Japuary 30 also You are told that the balance of the sccount is zero as of the beginning of Jamuary, and Elat al ife companys sales are in cash To samplify, thes activity assumes that a company has only one bark account, which is identfied in the Ledger as "Cash:" Review the T accounis below, and then Acroll down to complote the Cash Short and Over T account and answer the astociatied Guesfich betow it Sales \begin{tabular}{|l|l|c|} \hline & Balance 1/1/16 & 0 \\ \hline 1/5/16 & 2,805 \\ \hline 1/12/16 & 6,205 \\ \hline 1/23/16 & 3,300 \\ \hline 1/30/16 & 4,390 \\ \hline Balance & 16,700 \\ \hline \end{tabular} Review the T accounts above, and then complete the Cash Short and Over T account and associated question be check to replensh the fund based on the fallowing summary of petty cash receipts The corgpanys polcy is to record any mussng funds in the Cash Shant and Over account The new intern has prepared a proposed journal entry to iecord the replenishing of the petty cash fund Question not attempted. The companys accosinteng intem has prepared the end of Jaruary bank recconciliation foom the banik statenteat and is wortied beciuse the Adristed Balance amounts do not agree. Ater reverwing the bark reconcilation, sool down lor the next sieps an helpeg the intein Bank Reconciliation for the neat steps in helging the ritern

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