Question
Journalize the entries to record the following: Check No. 12-375 is issued to establish a petty cash fund of $1,300. The amount of cash in
Journalize the entries to record the following:
- Check No. 12-375 is issued to establish a petty cash fund of $1,300.
- The amount of cash in the petty cash fund is now $481. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $475; miscellaneous selling expense, $197; miscellaneous administrative expense, $123. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.)
a. Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank.
| fill in the blank 368c17ff6fbbfe5_2 | fill in the blank 368c17ff6fbbfe5_3 | ||
| fill in the blank 368c17ff6fbbfe5_5 | fill in the blank 368c17ff6fbbfe5_6 |
b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank.
| fill in the blank 012b8fffffcdfe9_2 | fill in the blank 012b8fffffcdfe9_3 | ||
| fill in the blank 012b8fffffcdfe9_5 | fill in the blank 012b8fffffcdfe9_6 | ||
| fill in the blank 012b8fffffcdfe9_8 | fill in the blank 012b8fffffcdfe9_9 | ||
| fill in the blank 012b8fffffcdfe9_11 | fill in the blank 012b8fffffcdfe9_12 | ||
| fill in the blank 012b8fffffcdfe9_14 | fill in the blank 012b8fffffcdfe9_15 |
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Audit And Business Performance
Authors: BELAMKADDAM HAMZA
1st Edition
6205444062, 978-6205444061
