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Please complete 5 and 7 Learning a S7-5 Journalizing petty cash Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies:
Please complete 5 and 7 Learning a S7-5 Journalizing petty cash Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies: Mar. 1 31 Established a petty cash fund with a $200 balance. The petty cash fund has $19 in cash and $188 in petty cash tickets that were issued to pay for Office Supplies ($68) and Entertainment Expense ($120). Replenished the fund and recorded the expenditures. Increased the balance of the petty cash fund to $250. Apr. 15 U S7-7 Identifying timing differences related to a bank reconciliation For each timing difference listed, identify whether the difference would be reporter the book side of the reconciliation or the bank side of the reconciliation. In addition identify whether the difference would be an addition or subtraction. a. Deposit in transit b. Bank collection c. Debit memorandum d. EFT cash receipt e. Outstanding checks f. $1,000 deposit erroneously recorded by the bank as $100 g. Service charges h. Interest revenue i. $2,500 cash payment for rent expense erroneously recorded by the business as $250 j. Credit memorandum
Please complete 5 and 7
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