Palmona Co. establishes a $200 petty cash fund on January 1. Palmona uses the perpetual system in accounting for merchandise inventory. What is the journal entry to record the increase in the fund balance to $450 on January 8?   A. Debit Cash $250; credit Petty Cash $250   B. Debit Petty Cash $250; credit Cash $250   C. Debit Petty Cash $250; credit Accounts Payable $250   D. Debit Miscellaneous Expense $250; credit Cash $250

Waupaca Company establishes a $310 petty cash fund on September 9. On September 30, the fund shows $37 in cash along with receipts for the following expenditures: transportation-in, $58; postage expenses, $76; and miscellaneous expenses, $128. The petty cashier could not account for a $11 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $345. Please place answers on journal sheet as requested in the assignment instructions.

A $65 petty cash fund has cash of $20 and receipts of $60. The journal entry to replenish the account would include a a.credit to Cash Short and Over for $15 b.credit to Cash for $65 c.credit to Petty Cash for $60 d.debit to Cash for $20

Provide all 3 graphs

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Prepare the necessary journal entries for each of the following:         (a) On March 1, issued a check to establish a petty cash fund of $1,410         (b) On April 1, the amount of cash in the petty cash fund is $440. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $850, and miscellaneous selling expense, $80. Record any missing funds in the cash short and over account.

A petty cash fund was originally established with cheque for 150. On December 31, you find the FF items Prepare the general journal entry to record the replenishment of petty cash funds on December 31.

Multiple Choice Meng Company maintains a $345 petty cash fund. On January 31, the fund is replenished. The accumulated receipts on that date represent $89 for office supplies, $178 for merchandise inventory, and $29 for miscellaneous expenses. There is a cash shortage of $7. Based on this information, the amount of cash in the fund before the replenishment is: O C C O $345. $296. $49. $56. $42 4 Seved

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.…

Accounting