Finman Company designated Jill Holland as petty cash custodian and established a petty cash fund of $200. The fund is reimbursed when the cash in the fund is at $15, which it is. Petty cash receipts indicate funds were disbursed for office supplies $94 and miscellaneous expense $87. Prepare journal entries for the establishment of the fund and the reimbursement.

Blake Company established a petty cash fund in the amount of $400. At the end of the accounting period, the petty cash box contained receipts for expenditures amounting to $180 and $215 in cash. If the company records both the disbursements and replenishments to the fund, what effect will replenishing the fund have on total assets and expenses? A. B. C. D. Total Assets -$ 180 -$ 185 -$ 185 -$ 180 Multiple Choice O Option A Option D Option B Option C Expenses +$ 185 +$ 185 +$ 180 +$ 180

Required: a. On March 1, check is issued to establish a petty cash fund of $1,050.* b. On April 1, The amount of cash in the petty cash fund is now $106. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $603; miscellaneous selling expense, $183; miscellaneous administrative expense, $136. If the amount of the check to replenish the fund plus the balance in the fund do not equal $1,050, record the discrepancy in the cash short and over account.* https://v2.cengagenow.com/ilrn/createAssignment/printAssignment.do?assignmentld=2942339&answerkey=false 6/8 11/9/21, 1:54 PM CengageNOWv2 | Online teaching and learning resource from Cengage Learning *Refer to the chart of accounts for the exact wording of the account titles. CNOW journals do not use lines for journal explanations. Every line on a journal page is used for debit or credit entries. CNOW journals will automatically indent a credit entry when a credit amount is entered.…

Prepare journal entries for each of the following: Question Content Area a.  Issued a check to establish a petty cash fund of $550. If an amount box does not require an entry, leave it blank. blank   - Select - - Select -     - Select - - Select -   Question Content Area b.  The amount of cash in the petty cash fund is $180. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $215 and miscellaneous selling expense, $137. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank.

1. Brooks Agency set up a petty cash fund for $140. At the end of the current period, the fund contained $37 and had the following receipts: entertainment, $48, postage, $28; and printing, $27. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. 2. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. View transaction list Journal entry worksheet < 1 2 Record the establishment of the petty cash fund. Note: Enter debits before credits. Transaction 1a General Journal Debit Credit Record entry Clear entry View general journal

Check No. 12-375 is issued to establish a petty cash fund of $600. The amount of cash in the petty cash fund is now $216. Check No. 12-476 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $223; miscellaneous selling expense, $92; miscellaneous administrative expense, $58. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $500, record the discrepancy in the cash short and over account.) Question Content Area a.  Journalize the entry to establish the petty cash fund. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank                 Question Content Area b.  Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank. blank Account Debit Credit blank

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Service World maintains a petty cash fund. The fund custodian encountered the following events.a. The fund was established when a check for $300 was cashed and deposited into a locked cashbox.b. An employee submitted a receipt for a customer delivery costing $20 and was reimbursed infull from petty cash.c. Another employee submitted a receipt for $60 for locksmith repairs to the office door andwas reimbursed in full from petty cash.d. An employee submitted a receipt for newspaper advertising that cost the company $50. Shewas given $50 from the petty cash box.e. The petty cash custodian received and cashed a check that fully replenished the petty cashfund.f. An employee submitted a receipt for $35 for supplies and was reimbursed in full from pettycash.g. An employee submitted a receipt for $65 for filling up his personal vehicle. He was notreimbursed because it would violate company policy.h. At the end of the month, a check was given to the petty cash custodian to not only replenishthe…

Palmona Company establishes a $180 petty cash fund on January 1. On January 8, the fund shows $85 in cash along with receipts for the following expenditures: postage, $41; transportation - in, $11; delivery expenses, $13; and miscellaneous expenses, $30. Palmona uses the perpetual system in accounting for merchandise inventory. Prepare the entry to establish the fund on January 1. Prepare the entry to reimburse the fund on January 8 under two separate situations: To reimburse the fund. To reimburse the fund and increase it to $230. Hint: Make two entries

Sandhill's Snack Shop has a petty cash fund of $105. On November 30, the fund contained $8 in cash and receipts for postage of $31, supplies of $47, and travel expenses of $17. Make the journal entry to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles Nov. 30 Debit || Credit TON