ent CALCULATOR FULL SCREEN PRINTER VERSION BACK NEX Exercise 7-22 Bridgeport, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it established a petty cash fund in the amount of $254. 2. A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows. Delivery charges paid on merchandise purchased Supplies purchased and used Postage expense 1.0.0 from employees Miscellaneous expense The petty cash fund was replenished on April 10. The balance in the fund was $12. 3. The petty cash fund balance was increased $112 to $366 on April 20 Prepare the journal entries to record transactions related to petty cash for the month of April (Il ne entry is required, select " Entry for the account titles and entero for the amounts. Credit account titles are automatically indented when the amount entered. Do not indent manually) Date Account Tities and Explanation Debit April 10 nment Prepare the journal entries to record transactions related to petty cash for the month of April. (If no entry is re for the amounts. Credit account titles are automatically indented when the amount is entered. Do not Date Account Titles and Explanation Debit Credit April 10 Click if you would like to Show Work for this question: Qen Show Work SHOW LIST OF ACCOUNTS Exercise 7-06 Presented below is information from Windsor Computers Incorporated. July 1 Sold $18,000 of computers to Robertson Company with terms 3/15, 1/60. Windsor uses the gross method to record cash discounts. Windsor estimates allowances of $1,170 will be honored on these sales. 10 Windsor received payment from Robertson for the full amount owed from the July transactions. 17 Sold $180,000 in computers and peripherals to The Clark Store with terms of 2/10, n/30. 30 The Clark Store paid Windsor for its purchase of July 17. Prepare the necessary Journal entries for Windsor Computers. (If no entry is required, select "No Entry" for the account titles and enter for the amounts, Credit account titles are automatically indented when the amount is entered. Do not Indent manually.) Date Account Titles and Explanation Debit Credit (To record sales revenue) (To record lowance for sales retur ent Prepare the necessary journal entries for Windsor Computers. (If no entry is required, select "No Entry" fo. account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To record sales revenue.) (To record allowance for sales returns Click if you would like to Show Work for this question: Open Show Work
