Prepare journal entries for each of the following:a. Issued a check to establish a petty cash fund of $1,000.b. The amount of cash in the petty cash fund is $315. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $600, and miscellaneous selling expense, $56. Record any missing funds in the cash short and over account.

Q: Journalize the necessary entries for each of the following: a. Issued a check to establish a petty…

A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…

Q: On July 1, check No. 12-375 is issued to establish a petty cash fund of $1,125. B. The amount of…

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Q: Journalize the entries to record the following:a. Check is issued to establish a petty cash fund of…

A: a. Journal entry to create the petty cash fund:

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A: a. Record entry to issue petty cash fund as shown below:

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A:

Q: a.  Journalize the entry to establish the petty cash fund.   Petty Cash        Cash        Feedback…

A: Requirement a: Journal entry to create the petty cash fund:

Q: Journalize the entries to record the following: Check is issued to establish a petty cash fund of…

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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.

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Q: Murdstone, Inc. issued a check on January 2 to establish a petty cash fund of $500. On January 31,…

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Q: During October, Daylight Company experiences the following transactions in establishing a petty cash…

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Q: Journalize the entries to record the following: June  1 Established a petty cash fund of $200.…

A: Please find the answer to the above questions below:

Q: If a petty cash fund is established in the amount of $348 and contains $200 in cash and $134 in…

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Q: - transportation, P600 - gasoline, P400 - office supplies, P500

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Q: Journalize the entries to record the following: June 1   Established a petty cash fund of $200.…

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Q: Bramble Company maintains a petty cash fund for small expenditures. These transactions occurred…

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

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

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

A: The journal entry for issued to establish a petty cash fund as as follows:

Q: ber 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense…

A: 1. On September 5 to reimburse the expense Petty cash a/c..(Dr) 748 To cash a/c 748     2. On…

Q: A company's general ledger shows a cash balance of $2,350. Comparing the company's cash records with…

A: Correct balance of cash = Cash balance as per general ledger + Adjustments

Q: Check No. 12-375 is issued to establish a petty cash fund of $500.The amount of cash in the petty…

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

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

A: Petty cash is the fund which is kept aside for the purpose of reimbursing miscellaneous expenses.

Q: Finman Company designated Jill Holland as petty cash custodian and established a petty cash fund of…

A: Cash  = Petty cash fund - reimbursed fund Cash = $200 - $15 Cash = $185…

Q: 1. Brooks Agency set up a petty cash fund for $270. At the end of the current period, the fund…

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

Q: McIntyre Company adheres to a policy of depositing all cash receipts in a bank account and making…

A: (a) Assuming that no errors have occurred during journalizing and posting the unusual balance of 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.