TB MC Qu. 06-149 (Algo) Pelcher Company maintains a... 1 Pelcher Company maintains a $430 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $116 for office supplies, $152 for merchandise Inventory, and $76 for miscellaneous expenses. There is a cash overage of $4. The Journal entry to replenish the fund on January 31 IS: 1 points Skipped Multiple Choice eBook O Debit Office Supplies Expense, $116: Debit Merchandise Inventory, $152: Debit Miscellaneous expenses. $76: Debit Cash over and short, $4; Credit Petty cash, $348. Print Debit Office Supplies Expense, $116: Debit Merchandise Inventory, $152: Debit Miscellaneous expenses. $76: Debit Cash over and short, $4; Credit Cash, $348. References O Debit Office Supplies Expense, $116: Debit Merchandise Inventory, $152: Debit Miscellaneous expenses. $76: Credit Cash over and short, $4: Credit Petty cash. $340. O Debit Office Supplies Expense, $116: Debit Merchandise Inventory. $152; Debit Miscellaneous expenses. $76: Credit Cash over and short, $4: Credit Cash. $340. Debit Office Supplies Expense, $116: Debit Merchandise Inventory, $152; Debit Miscellaneous expenses. $76: Debit Cash over and short, $4; Credit Petty cash. $430. TB MC Qu. 06-148 (Algo) Pelcher Company maintains a... 2 Pelcher Company maintains a $425 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $115 for office supplies, $150 for merchandise Inventory, and $75 for miscellaneous expenses. There is a cash overage of $9. Based on this information, the amount of cash in the fund before the replenishment is: points Multiple Choice eBook O $425. Print References O $340 O $85. $76. O $94. TB MC Qu. 06-111 (Algo) A company had... 3 A company had $29 missing from petty cash that was not accounted for by petty cash receipts. The correct procedure is to: 1 points Multiple Choice eBook Debit Cash Over and Short for $29. Print L References Credit Cash Over and Short for $29. Debit Petty Cash for $29. Credit Petty Cash for $29. Debit Cash for $29. TB MC Qu. 06-145 (Algo) Havermill Company establishes... 4 Havermill Company establishes a $380 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $86 for Office Supplies, $150 for merchandise Inventory, and $35 for miscellaneous expenses. The fund has a balance of $31. On October 1, the accountant determines that the fund should be Increased by $60. The Journal entry to record the increase in the fund balance on October 115: 1 points Multiple Choice eBook Print Debit Petty Cash $440; credit Cash $440. References Debit Cash $60: credit Petty Cash $60. O Debit Miscellaneous Expense $60: credit Cash $60. Debit Petty Cash $60: credit Accounts Payable $60. O Debit Petty Cash $60: credit Cash $60. TB MC Qu. 06-137 (Algo) Clayborn Company deposits... 5 Clayborn Company deposits all cash receipts on the day they are recelved and makes all cash payments by check. At the close of business on May 31, Its Cash account shows a debit balance of $20.025. Clayborn's May bank statement shows a $18.200 balance in the bank. Determine the adjusted cash balance using the following information: 1 points Deposit in transit Outstanding checks Bank service fees, not yet recorded by company A NSF check from a customer, not yet recorded by the company $ 6,100 $ 5,200 $ 55 $ 870 eBook The adjusted cash balance should be Print Multiple Choice Reference: o $19,100 $13.000 $ 13,000 o 19:125 $24.300 O $19.125 O $19.970
