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Help Please! Required information Part 1 of 2 [The following information applies to the questions displayed below.] Harristown Hockey Club (HHC) maintains a petty cash
Help Please!
Required information Part 1 of 2 [The following information applies to the questions displayed below.] Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: 9.09 points a. I established the fund by cashing a check from HHC for $260 made payable to me. b. Tom Canuck provided a $78 receipt for repairs to the club's computer, so I paid $78 cash to him. c. Kim Harra provided a receipt for $58 for various supplies she planned to use to decorate the arena later this year. I paid $58 cash to her. d. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $88 e. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a check from HHC for $224, placing the cash into a locked cash box f. Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $133 cash to her. g.Destiny Hook provided a phone bill showing she had paid $38 for telephone calls made to contact referees for the annual tournament. I paid her $38 cash. h. Gutty McTavish submitted a receipt for $43 for a haircut he received. I did not pay him. i. On the last day of the month, I received and cashed a check from HHC for $171, placing the cash into the locked cash box No Transaction General Journal Debit Credit Petty Cash 260 1 Cash 260 f 2 78 X 2 Repairs and Maintenance Expense x Cash 78 Supplies Expense 58 3 C. Cash 58 88 x Equipment Cash 88 X X Petty Cash 5 224 e Cash 224 x Supplies Expense 133 x 6 133 X Cash X Utilities Expense 7 38 38 X Cash Prev Next 10 of 11 X 4 88 x X Equipment 4 f 2 88 X Cash 224 Petty Cash 5 224 Cash 133 x) Supplies Expense f 6 133 Cash 38 X Utilities Expense 7 38 Cash No Journal Entry Required 8 171 x Petty Cash 9 171X Cash xStep by Step Solution
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