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View Policies Current Attempt in Progress Skysong Company established a petty cash fund on May 1 for $ 100. The company reimbursed the fund on
View Policies Current Attempt in Progress Skysong Company established a petty cash fund on May 1 for $ 100. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in funds 2.55. Receipts: delivery expense $ 27.05, postage expense S 38.30, and miscellaneous expense $ 29.90. Receipts: delivery expense $ 22.50, entertainment expense $ 47.50, and miscellaneous expenses 25.95 July 1: Cash in fund $ 4.05. On July 10, Skysong increased the fund from $100 to $ 130. Prepare journal entries for Skysong Company for May 1, June 1, July 1, and July 10. (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 for the amounts. Round answers to 2 decimal places, es 52.75.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit Cullumber Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 15 Established the petty cash fund by writing a check payable to the petty cash custodian for $ 200.00. Replenished the petty cash fund by writing a check for $197.00. On this date, the fund consisted of $3.00 in cash and these petty cash receipts: freight-out $ 73.00, entertainment expense $35.00, postage expense $ 32.00, and miscellaneous expense $ 56.00. Increased the amount of the petty cash fund to $ 400.00 by writing a check for $ 200.00. Replenished the petty cash fund by writing a check for $285.00. On this date, the fund consisted of $ 115 in cash and these petty cash receipts: postage expense $ 138.00, entertainment expense $ 92.00, and freight-out $ 54.00. 16 31 (a) (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 for the amounts. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, eg. 52.75.) Date Account Titles and Explanation Debit Credit Aug. 15 . ere to search ORE W 6 Aug 31 On July 31, 2022. Novak Company had a cash balance per books of $ 6,355.00. The statement from Dakota State Bank on that date showed a balance of $ 7,905.80. A comparison of the bank statement with the Cash account revealed the following facts. 1. 2. 3. The bank service charge for July was $ 19.00. The bank collected $1,630.00 for Novak through electronic funds transfer. The July 31 cash receipts of $ 1,309.30 were not included in the bank statement for July. These receipts were deposited by the company in a night deposit vault on July 31. Company check No. 2480 issued to L. Taylor, a creditor, for $ 394.00 that cleared the bank in July was incorrectly recorded as a cash payment on July 10 for $ 349.00. Checks outstanding on July 31 totaled $ 1.979.10. On July 31, the bank statement showed an NSF charge of $ 685.00 for a check received by the company from W. Krueger, a customer, on account 4. 5. 6. (a) Prepare the bank reconciliation as of July 31 (List items that increase balance as per bank & books first. Reconelle cash balance per bank first. Round answers to 2 decimal places, eg. 52.75.) NOVAK COMPANY Bank Reconciliation e to search ORA E a WO A LI
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