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Solve question With given worksheet Also another question what accounts are to be credited and what accounts are to be debited with amounts

Solve question With given worksheet Also another question what accounts are to be credited and what accounts are to be debited with amounts

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter6: Cash And Receivables
Section: Chapter Questions
Problem 15RE
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Also another question what accounts are to be credited and what accounts are to be debited with amounts 

P 7-10A (L03) / Replenishment: Cr. Cash, $149 PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: Date Voucher No. Purpose Amount $ 3.50 Postage due Office supplies Auto repair (miscellaneous) Drawing (Joy Adams) Donation (Red Cross) Travel expenses May 1 1 3 2 11.00 43.00 7 4 25.00 11 10.00 15 28.00 22 7 Postage stamps Phone call 3.50 26 8. 5.00 30 6. 9 bd Donation (Boy Scouts) 20.00 REQUIRED 1. Prepare the journal entry to establish the petty cash fund. 2. Record the vouchers in the petty cash record. Total and rule the petty cash record. 3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record.
Transcribed Image Text:P 7-10A (L03) / Replenishment: Cr. Cash, $149 PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: Date Voucher No. Purpose Amount $ 3.50 Postage due Office supplies Auto repair (miscellaneous) Drawing (Joy Adams) Donation (Red Cross) Travel expenses May 1 1 3 2 11.00 43.00 7 4 25.00 11 10.00 15 28.00 22 7 Postage stamps Phone call 3.50 26 8. 5.00 30 6. 9 bd Donation (Boy Scouts) 20.00 REQUIRED 1. Prepare the journal entry to establish the petty cash fund. 2. Record the vouchers in the petty cash record. Total and rule the petty cash record. 3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record.
5 WP-248 CHAPTER 7 e 2020 Cengage May not be scanned, copied or duplicated, or posted to a publicty accessible web prou CHAPTER 7 WP-247 1. and 3. GENERAL JOURNAL DESCRIPTION DATE PAGE POST. REF. DEBIT CREDIT 11 Problem 7-10A (Concluded) 2. and 3. PETTY CASH PAYMENTS FOR MONTH OF PAGE -0- CHARIT. POSTAGE CONTRIB. AMOUNT SUPPLIES EXPENSE EXPENSE DISTRIBUTION OF PAYMENTS TRAVEL & ENTER. EXPENSE EXPENSE TOTAL OFFICE PHONE EXPENSE MISC. DAY DESCRIPTION NO. ACCOUNT AMOUNT 1. 12 14 15 15
Transcribed Image Text:5 WP-248 CHAPTER 7 e 2020 Cengage May not be scanned, copied or duplicated, or posted to a publicty accessible web prou CHAPTER 7 WP-247 1. and 3. GENERAL JOURNAL DESCRIPTION DATE PAGE POST. REF. DEBIT CREDIT 11 Problem 7-10A (Concluded) 2. and 3. PETTY CASH PAYMENTS FOR MONTH OF PAGE -0- CHARIT. POSTAGE CONTRIB. AMOUNT SUPPLIES EXPENSE EXPENSE DISTRIBUTION OF PAYMENTS TRAVEL & ENTER. EXPENSE EXPENSE TOTAL OFFICE PHONE EXPENSE MISC. DAY DESCRIPTION NO. ACCOUNT AMOUNT 1. 12 14 15 15
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