Record entries in general journal form to record the following: a. Established a Petty Cash Fund, $100. Issued Ck. No. 857. b. Reimbursed the Petty Cash Fund for expenditures of $98: Store Supplies, $38; Office Supplies, $21; Miscellaneous Expense, $39. Issued Ck. No. 889. c. Increased the amount of the fund by an additional $50. Issued Ck. No. 891. d. Reimbursed the Petty Cash Fund for expenditures of $96.58: Store Supplies, $41.68; Delivery Expense, $35.00; Miscellaneous Expense, $19.90. Issued Ck. No. 936.

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College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087
BuyFind

College Accounting (Book Only): A ...

12th Edition
Cathy J. Scott
Publisher: Cengage Learning
ISBN: 9781305084087

Solutions

Chapter 6, Problem 6E
Textbook Problem

Record entries in general journal form to record the following:

  1. a. Established a Petty Cash Fund, $100. Issued Ck. No. 857.
  2. b. Reimbursed the Petty Cash Fund for expenditures of $98: Store Supplies, $38; Office Supplies, $21; Miscellaneous Expense, $39. Issued Ck. No. 889.
  3. c. Increased the amount of the fund by an additional $50. Issued Ck. No. 891.
  4. d. Reimbursed the Petty Cash Fund for expenditures of $96.58: Store Supplies, $41.68; Delivery Expense, $35.00; Miscellaneous Expense, $19.90. Issued Ck. No. 936.

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Chapter 6 Solutions

College Accounting (Book Only): A Career Approach
Ch. 6 - What is the purpose of endorsing a check?Ch. 6 - Why is there generally a difference between the...Ch. 6 - Indicate whether the following items in a bank...Ch. 6 - Why is it necessary to make general journal...Ch. 6 - a. Why would a business use a Petty Cash Fund? b....Ch. 6 - a. What does a debit balance in Cash Short and...Ch. 6 - Fill in the missing amounts for the following bank...Ch. 6 - The Ledger Balance of Cash section of the bank...Ch. 6 - When the bank statement is received on July 3, it...Ch. 6 - Place a check mark in the column that indicates...Ch. 6 - Hosung Companys Cash account shows a balance of...Ch. 6 - Record entries in general journal form to record...Ch. 6 - At the end of the day, the cash register tape...Ch. 6 - a. Describe the entries that have been posted to...Ch. 6 - Arthurs Mens Shop deposits all receipts in the...Ch. 6 - On May 1 of this year, Ellsworth and Company...Ch. 6 - Ellie Harrod, owner of Harrods Dry Cleaners, makes...Ch. 6 - On August 31, Baginski and Company receives its...Ch. 6 - The Quilt Shop deposits all receipts in the bank...Ch. 6 - Merkle Company deposits all receipts in the bank...Ch. 6 - On March 1 of this year, Stowe Company established...Ch. 6 - Roberta Felino, owner of Robertas Beauty Salon,...Ch. 6 - On August 2, Northern Motel receives its bank...Ch. 6 - Jims Fitness Center deposits all receipts in the...Ch. 6 - Based in Boston, Massachusetts, Feeley Driscoll...Ch. 6 - As the new bookkeeper for a small business, you...Ch. 6 - You work as a cashier for a service business. Some...

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