The petty cash fund of Rifts Dress Shop, a sole proprietorship, contains the following. The general ledger
Question:
The general ledger account Petty Cash has a balance of $200.
Instructions
Prepare the journal entry to record the reimbursement of the petty cashfund.
Transcribed Image Text:
1. Coins and currency 2. Postage stamps 3. An L.O.U. from Jake, an employee, $46.50 12.90 25.00 12.00 for cash advance 4. Check payable to Rift's Dress Ship from Ivan, an employee, marked NSF 5. Vouchers for the following: $40.00 61.15 Printer toner cartridge 101.15 $197.55
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Accounts ReceivableEmployees 2500 12...View the full answer
Answered By
Aysha Ali
my name is ayesha ali. i have done my matriculation in science topics with a+ . then i got admission in the field of computer science and technology in punjab college, lahore. i have passed my final examination of college with a+ also. after that, i got admission in the biggest university of pakistan which is university of the punjab. i am studying business and information technology in my university. i always stand first in my class. i am very brilliant client. my experts always appreciate my work. my projects are very popular in my university because i always complete my work with extreme devotion. i have a great knowledge about all major science topics. science topics always remain my favorite topics. i am also a home expert. i teach many clients at my home ranging from pre-school level to university level. my clients always show excellent result. i am expert in writing essays, reports, speeches, researches and all type of projects. i also have a vast knowledge about business, marketing, cost accounting and finance. i am also expert in making presentations on powerpoint and microsoft word. if you need any sort of help in any topic, please dont hesitate to consult with me. i will provide you the best work at a very reasonable price. i am quality oriented and i have 5 year experience in the following field.
matriculation in science topics; inter in computer science; bachelors in business and information technology
_embed src=http://www.clocklink.com/clocks/0018-orange.swf?timezone=usa_albany& width=200 height=200 wmode=transparent type=application/x-shockwave-flash_
4.40+
11+ Reviews
14+ Question Solved
Related Book For
Intermediate Accounting
ISBN: 978-1118147290
15th edition
Authors: Donald E. Kieso, Jerry J. Weygandt, and Terry D. Warfield
Question Posted:
Students also viewed these Accounting questions
-
The petty cash fund of the Wee Ones Agency was established on May 1, 2014, at $75. At the end of the month, the fund contained $12.74 and had the following receipts: film rentals, $19.40;...
-
The following data pertain to the petty cash fund of Stanton Company: 1. The petty cash fund was established on an imprest basis at $250 on March 1. 2. On March 31, a physical count of the fund...
-
The petty cash fund of the Wee Ones Agency was established on May 1, 2020, at $75. At the end of the month, the fund contained $13 and had the following receipts: film rentals, $19; refreshments for...
-
A Xerox machine in a shop is operated by a person who does other jobs too. The average service time for a job is 6 minutes per customer. On an average, in every 12 minutes one customer arrives for...
-
Refer to the circuit in Fig. 8.86. Calculate i(t) for t > 0 2u(-1) A i(t) 10 1042
-
A concave mirror has a radius of curvature of 60.0 cm. Calculate the image position and magnification of an object placed in front of the mirror at distances of (a) 90.0 cm and (b) 20.0 cm. (c) Draw...
-
A more general analysis of refracting surfaces would include the case of refraction of light at a spherical interface such as a fishbowl. Similar to the thin lens equation, the expression relating...
-
a. Prepare a cross tabulation of the data on Industry (rows) and Brand Revenue ($ billions). Use class intervals of 25 starting at 0 for Brand Revenue ($ billions). b. Prepare a frequency...
-
Central Valley Transit Inc. ( CVT ) , a U . S . - based MNC , has just signed a contract to sell light rail cars to a client in Germany for 3 , 0 0 0 , 0 0 0 . The sale is made on credit today, and...
-
For a number of years, a private not-for-profit entity has been preparing financial statements that do not necessarily conform to U.S. generally accepted accounting principles. At the end of the most...
-
Velez, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1. On April 1, it...
-
Wang Company deposits all receipts and makes all payments by check. The following information is available from the cash records. Instructions (a) Prepare a bank reconciliation going from balance per...
-
The Acme Company claims that its new reading lamp increases reading speed, and you want to test this. You will record how long (in seconds) it takes for participants to read a 1,000-word essay....
-
Question TARIMAX MASTO Copper Explorations recently acquired the rights to mine a new site. Machinery, equipment and a truck were purchased to begin the mining operations at the site. Details of the...
-
Exercise 6 - 6 ( Algo ) The Town of Weston has a Water Utility Fund with the following trial balance as of July 1 , 2 0 2 3 , the first day of the fiscal year: During the year ended June 3 0 , 2 0 2...
-
The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of...
-
What is the correct answer to this? SQL QUESTION Sales Data for All Customers and Products Write a query that will return sales details of all customers and products. The query should return all...
-
Below are the jersey numbers of 11 players randomly selected from a football team. Find the range, variance, and standard deviation for the given sample data. What do the results tell us? 84 18 34 3...
-
Capitalization of Interest A company begins construction of an asset on January 1, 2007, and completes construction on December 1, 2007. The company pays the following amounts related to...
-
Sundial Technologies produces and sells customized network systems in New Brunswick. The company offers a 60-day, all software and labor-and an extra 90-day, parts-only- warranty on all of its...
-
What is discrimination? With reference to the Civil Rights Act of 1964, explain why employment discrimination is illegal. What are the economic implications of employment discrimination? To what...
-
Accounting for Patents during 2007, Thompson Corporation spent $170,000 in research and development costs. As a result, a new product called the New Age Piano was patented. The patent was obtained on...
-
Accounting for Goodwill Fred Graf, owner of Graf Interiors, is negotiating for the purchase of Terrell Galleries. The balance sheet of Terrell is given in an abbreviated form below. Graf and Terrell...
-
Accounting for Goodwill On July 1, 2010, Brandon Corporation purchased Mills Company by paying $250,000 cash and issuing a $150,000 note payable. At July 1, 2010, the balance sheet of Mills Company...
-
XF Ltd. Is an expanding private company in the electric trade. Accounts preparing in January 2019 included the following information: Profit Statement for the year ended 31 st December 2018 Kshs.000...
-
Check On June 15, 2021, Sanderson Construction entered into a long-term construction contract to build a baseball stadium in Washington D.C., for $340 million. The expected completion date is April...
-
Q.1 Bassem Company purchased OMR420,000 in merchandise on account during the month of April, and merchandise costing OMR $350,000 was sold on account for OMR 425,000. Required: 1. Prepare journal...
Study smarter with the SolutionInn App