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Required information The following information applies to the questions displayed below] Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The
Required information 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: a. I established the fund by cashing a check from HHC for $280 made payable to me b. Tom Canuck provided a $84 receipt for repairs to the club's computer, so I paid $84 cash to him. C. Kim Harra provided a receipt for $64 for various supplies she planned to use to decorate the arena later this year. I paid $64 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 andI paid him $94 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 $242, 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 $139 cash to her. g. Destiny Hook provided a phone bill showing she had paid $44 for telephone calls made to contact referees for the annual tournament. I paid her $44 cash. h Gutty McTavish submitted a receipt for $49 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 $183, placing the cash into the locked cash box. 2. If HHC has $1,700 cash, $600 of government Treasury bills purchased four months ago, and $890 of cash set aside for its workers' compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents"? ash and Cash Equivalents
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