Journalize the entries to record the following: Check No. 245-13 is issued to establish a petty cash fund of $600. The amount of cash in the petty cash fund is now $198. Check No. 271-13 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $233; miscellaneous selling expense, $96; miscellaneous administrative expense, $60. a. Journalize the entry to establish the petty cash fund. Petty Cash fill in the blank 1cd8ceff2fd201b_2 Cash fill in the blank 1cd8ceff2fd201b_4 Feedback a. Recall that the only time Petty Cash is used is when the fund is initially established or increased. Learning Objective 6. 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. Office Supplies fill in the blank bd88c5f6e066fba_2 fill in the blank bd88c5f6e066fba_3 Miscellaneous Selling Expense fill in the blank bd88c5f6e066fba_5 fill in the blank bd88c5f6e066fba_6 Miscellaneous Administrative Expense fill in the blank bd88c5f6e066fba_8 fill in the blank bd88c5f6e066fba_9 Cash Short and Over fill in the blank bd88c5f6e066fba_11 fill in the blank bd88c5f6e066fba_12 Cash fill in the blank bd88c5f6e066fba_14 fill in the blank bd88c5f6e066fba_15
Journalize the entries to record the following: Check No. 245-13 is issued to establish a petty cash fund of $600. The amount of cash in the petty cash fund is now $198. Check No. 271-13 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $233; miscellaneous selling expense, $96; miscellaneous administrative expense, $60. a. Journalize the entry to establish the petty cash fund. Petty Cash fill in the blank 1cd8ceff2fd201b_2 Cash fill in the blank 1cd8ceff2fd201b_4 Feedback a. Recall that the only time Petty Cash is used is when the fund is initially established or increased. Learning Objective 6. 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. Office Supplies fill in the blank bd88c5f6e066fba_2 fill in the blank bd88c5f6e066fba_3 Miscellaneous Selling Expense fill in the blank bd88c5f6e066fba_5 fill in the blank bd88c5f6e066fba_6 Miscellaneous Administrative Expense fill in the blank bd88c5f6e066fba_8 fill in the blank bd88c5f6e066fba_9 Cash Short and Over fill in the blank bd88c5f6e066fba_11 fill in the blank bd88c5f6e066fba_12 Cash fill in the blank bd88c5f6e066fba_14 fill in the blank bd88c5f6e066fba_15
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 10SPB
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Question
Journalize the entries to record the following:
- Check No. 245-13 is issued to establish a petty cash fund of $600.
- The amount of cash in the petty cash fund is now $198. Check No. 271-13 is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $233; miscellaneous selling expense, $96; miscellaneous administrative expense, $60.
a.
Petty Cash | fill in the blank 1cd8ceff2fd201b_2 | ||
Cash | fill in the blank 1cd8ceff2fd201b_4 |
a. Recall that the only time Petty Cash is used is when the fund is initially established or increased.
Learning Objective 6.
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.
Office Supplies | fill in the blank bd88c5f6e066fba_2 | fill in the blank bd88c5f6e066fba_3 | |
Miscellaneous Selling Expense | fill in the blank bd88c5f6e066fba_5 | fill in the blank bd88c5f6e066fba_6 | |
Miscellaneous Administrative Expense | fill in the blank bd88c5f6e066fba_8 | fill in the blank bd88c5f6e066fba_9 | |
Cash Short and Over | fill in the blank bd88c5f6e066fba_11 | fill in the blank bd88c5f6e066fba_12 | |
Cash | fill in the blank bd88c5f6e066fba_14 | fill in the blank bd88c5f6e066fba_15 |
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