Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mar:31 Replenished the petty cash fund by writing a cheque for ( $ 190.20 ). On this date, the fund consisted of ( $ 16.30

image text in transcribed

image text in transcribed

image text in transcribed

image text in transcribed

Mar:31 Replenished the petty cash fund by writing a cheque for \\( \\$ 190.20 \\). On this date, the fund consisted of \\( \\$ 16.30 \\) in cash and the following petty cash receipts: (a) Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter O for the amounts. Record journal entries in the order presented in the problem. List all debit entries before credit entries.) Pharoah Company maintains a petty cash fund for small expenditures. The following transactions occurred over a two-month period: Feb. 1 Established petty cash fund by writing a cheque on Algonquin Bank for \\( \\$ 206.50 \\). Feb. 15 Replenished the petty cash fund by writing a cheque for \\( \\$ 196.50 \\). On this date, the fund consisted of \\( \\$ 10.00 \\) in cash and the following petty cash receipts: Feb. 28 Replenished the petty cash fund by writing a cheque for \\( \\$ 152.50 \\). On this date, the fund consisted of \\( \\$ 54.00 \\) in cash and the following petty cash receipts: Mar. 15 Replenished the petty cash fund by writing a cheque for \\( \\$ 187.50 \\). On this date, the fund consisted of \\( \\$ 19.00 \\) in cash and the following petty cash receipts

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

ISO 9001 Audit Trail A Practical Guide To Process Auditing Following An Audit Trail

Authors: David John Seear

1st Edition

1477234896, 978-1477234891

More Books

Students also viewed these Accounting questions

Question

b. Explain how you initially felt about the communication.

Answered: 1 week ago