The entry to replenish the petty cash fund will include A a credit to Cash for $412. B a credit to Cash Short and Over for $26. C a debit to Petty Cash for $438. D a credit to Cash for $438.

Q: At the end of the day, the cash register tape lists $1,021.18 as total income from services. Cash on…

A:

Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1.…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: On March 20, Sheffield’s petty cash fund of $114 is replenished when the fund contains $12 in cash…

A: Petty cash refers to the small amount of cash in hand used to pay expenses that are too small to…

Q: On March 20, Coronado's petty cash fund of $120 is replenished when the fund contains $5 in cash and…

A: Hi student Since there are multiple questions, we will answer only first question. If you want…

Q: Jeremiah Restoration Company completed the following selected transactions during January: Jan. 1.…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: PA1. On September 1, French company has decided to initiate a petty cash fund in the amount of $800.…

A: Petty cash is a fixed amount set aside to meet day to day expense of small values. Petty cash fund…

Q: A petty cash fund was originally established with a check for $180. On December 31, the petty cash…

A: Hey there, Since multiple questions are posted only the first question will be answered. Kindly…

Q: Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Daytona Recycling Center reports the following information concerning cash ances and cash…

A: Bank Reconciliation Statement-: A Bank Reconciliation is a procedure by which the bank account…

Q: Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: Wyoming Restoration Company completed the following selected transactions during July 20Y1:

Q: On March 20, Crane's petty cash fund of $113 is replenished when the fund contains $12 in cash and…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Spencer Co. has a $430 petty cash fund. At the end of the first month the accumulated receipts…

A: Journal entry: It can be defined as the recording of financial events and transactions that have…

Q: A $180 petty cash fund has cash of $20 and receipts of $146. Which of the following would be part of…

A: Cash Need to Replenish to Petty Cash Fund = Amount of Fund to Be - Cash Receipts - Amount of Cash…

Q: Assume that the custodian of a $465 petty cash fund has $67.50 in coins and currency plus $391.50 in…

A: The petty cash balance is maintained for day to day cash transactions of the business.

Q: During March, Anderson Company engaged in the following transactions involving its pettycash fund:a.…

A: To keep track of financial transactions, journal entries are utilised.  Your journal entries are…

Q: Jeremiah Restoration Company completed the following selected transactions during January:Jan. 1.…

A: Petty cash fund:Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: Step2 in solution

Q: Assume that the Petty Cashier of a $700 petty cash fund has $40 in cash plus $660 in receipts at the…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Journalize the entries to record the following: Required: a. On March 1, check is issued to…

A: Petty cash funds are those funds which are maintained for small petty expenses of the business.…

Q: If a petty cash fund is established in the amount of $200, and contains $119 in cash and $86 in…

A: Petty cash fund is a fund that is established for small petty expenses in your business.

Q: Journalize the entries to record the following (refer to the Chart of Accounts for exact wording of…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: Prepare journal entries for each of the following:a. Issued a check to establish a petty cash fund…

A: Petty cash fund: It is a fund established to pay insignificant amounts like postage, office supplies…

Q: The following petty cash transactions were made by the Freeman Corporation during the month…

A: Petty cash is used by the company to meet day to day small expenses.

Q: You were able to gather the following from the December 31, 2020 trial balance of PPP COMPANY: Cash…

A: Cash on hand is the amount of accessible cash held by the company. Petty cash fund can be defined as…

Q: You were able to gather the following from the December 31, 2020 trial balance of PPP COMPANY: Cash…

A: Adjusted balance Adjusted balance refers to the balance which is obtained after making all the…

Q: Prepare the necessary journal entries for each of the following:         (a) On March 1, issued a…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Moon Co. decides to establish a petty cash fund with a beginning balance of $250. At the end of the…

A: Under the imprest system of maintaining petty cash, Petty Cashier is reimbursed whatever amount he…

Q: Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund…

A: Petty cash is a fund which is created to meet day to day activities or expenses such as -small…

Q: Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: Petty cash: Petty cash fund is eastiblished to pay insignifinant amount small expenses like office…

Q: Assume that the custodian of a $500 petty cash fund has $62 in currency plus $412 in receipts at the…

A: Petty cash fund: Petty cash fund is a fund established to pay insignificant amounts like postage,…

Q: A $180 petty cash fund has cash of $15 and receipts of $180. Which of the following would be part of…

A: The petty cash fund has a receipt of $180 thus a Petty Cash Fund A/c was debited for $180 and Cash…

Q: On March 20, Concord's petty cash fund of $119 is replenished when the fund contains $6 in cash and…

A: Balance of available cash and the total expenses goes to Cash over and short Account.

Q: Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: $ Petty cash fund Established on july 1  $       1,100 Petty cash fund in hand on July…

Q: The petty cash fund had an initial imprest balance of $100. It currently has $20 and petty cash…

A: Entry to replenish the fund: This is an accounting entry, which is made as an adjusting entry to…

Q: Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Assume that the custodian of a $450 petty cash fund has $59.50 in coins and currency plus $385.00 in…

A: About Petty cash is a little  amount of money that is keep on the company premises to pay for…

Q: The following selected transactions relate to cash collections for a firm that mainta $100 change…

A: Journal- A general journal entry is used to visualize the business transactions of any organization.…

Q: Carson's Bakery requires $500 cash to be on hand in the petty cash fund. During the month of October…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Moon Co. decides to establish a petty cash fund with a beginning balance of $250. At the end of the…

A: Lets understand the basics. Petty cash is created from the cashbook. It is a cash which will going…

Q: Wyoming Restoration Company completed the following selected transactions during July 20Y1: July 1.…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: Jeremiah Restoration Company completed the following selected transactions during January.…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Bramble Corp. has the following items at year-end: Cash in bank $32800 Petty cash 390 Short-term…

A: Cash and cash equivalents are to be reported in assets side of balance sheet which are cash in form…

Q: You were able to gather the following from the December 31, 2020 trialbalance of PPP COMPANY: Cash…

A: 1) Cash on Hand   Particulars Amount   Balance as on 31/12/20 500,000 Less Cheque Uncleared…

Q: Assume that the Petty Cashier of a $700 petty cash fund has $40 in cash plus $660 in receipts at the…

A: SOLUTION PETTY CASH IS A SMALL AMOUNT OF CASH THAT IS KEPT ON THE COMPANY PREMISES TO PAY FOR THE…

Q: The following selected transactions relate to cash collections for a firm that maintains a $100…

A: Journal entry is a primary entry that records the financial transactions initially.. Cash is debited…

Cash Book

So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.