COLLEGE ACCOUNTING ETEXT+CONNECT ACCESS
16th Edition
ISBN: 9781264624256
Author: Haddock
Publisher: MCG
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Chapter 9, Problem 1.4SRE
To determine
Determine the cash shortage or cash overage.
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Petty cash fund had an opening balance of RO 300. During the month the receipts were RO 70 staff welfare, RO 75 petrol, 80 office stationery, and 45 travelling and there was RO 20 left in the petty cash box. If the petty cash fund is raised to RO 500 per month then how much is the amount required to be refill?
a.
RO 470
b.
RO 280
c.
RO 380
d.
RO 480
CAT LLC had an opening balance of RO 200 in petty cash. During the month the receipts were RO 65 petrol, RO 25 office stationery, RO 65 staff welfare and RO 30 travelling and there was RO 12 left in the petty cash box. The fund amount was raised to RO 300 from the end of the month. The amount required to refill the fund will be
a.
RO 185
b.
RO 285
c.
RO 188
d.
RO 288
Petty cash fund had opening balance of RO 400. During the month the receipts were RO RO 65 staff welfare, 195 petrol, 75 office stationery, and 55 travelling and there was RO 20 left in the petty cash box. The fund amount was raised to RO 500 from the end of the month. The amount required to refill the fund will be
a.
RO 500
b.
RO 480
c.
RO 490
d.
RO 485
Chapter 9 Solutions
COLLEGE ACCOUNTING ETEXT+CONNECT ACCESS
Ch. 9 - Prob. 1.1SRQCh. 9 - What is a promissory note? In what situation would...Ch. 9 - How would the receipt of a 62 refund for supplies...Ch. 9 - Prob. 1.4SRECh. 9 - Prob. 1.5SRECh. 9 - Prob. 1.6SRACh. 9 - Prob. 2.1SRQCh. 9 - Prob. 2.2SRQCh. 9 - Prob. 2.3SRQCh. 9 - Prob. 2.4SRE
Ch. 9 - Prob. 2.5SRECh. 9 - Prob. 2.6SRACh. 9 - Prob. 3.1SRQCh. 9 - Prob. 3.2SRQCh. 9 - Prob. 3.3SRQCh. 9 - Prob. 3.4SRECh. 9 - Prob. 3.5SRECh. 9 - Prob. 3.6SRACh. 9 - Prob. 1CSRCh. 9 - Prob. 2CSRCh. 9 - Prob. 3CSRCh. 9 - Prob. 4CSRCh. 9 - Prob. 5CSRCh. 9 - Prob. 1DQCh. 9 - Prob. 2DQCh. 9 - Prob. 3DQCh. 9 - Prob. 4DQCh. 9 - Prob. 5DQCh. 9 - Prob. 6DQCh. 9 - Prob. 7DQCh. 9 - Prob. 8DQCh. 9 - Prob. 9DQCh. 9 - Prob. 10DQCh. 9 - Prob. 11DQCh. 9 - Prob. 12DQCh. 9 - Prob. 13DQCh. 9 - Prob. 14DQCh. 9 - Prob. 15DQCh. 9 - Prob. 16DQCh. 9 - Prob. 17DQCh. 9 - Prob. 18DQCh. 9 - Prob. 1ECh. 9 - Prob. 2ECh. 9 - Prob. 3ECh. 9 - Prob. 4ECh. 9 - Prob. 5ECh. 9 - Prob. 6ECh. 9 - Prob. 7ECh. 9 - Prob. 8ECh. 9 - Journalizing cash receipts, cash short or over,...Ch. 9 - Prob. 2PACh. 9 - Prob. 3PACh. 9 - Prob. 4PACh. 9 - Prob. 5PACh. 9 - Prob. 6PACh. 9 - Prob. 1PBCh. 9 - Prob. 2PBCh. 9 - Prob. 3PBCh. 9 - Prob. 4PBCh. 9 - Prob. 5PBCh. 9 - Prob. 6PBCh. 9 - Prob. 1CTPCh. 9 - Prob. 2CTPCh. 9 - Prob. 1MFCh. 9 - Prob. 2MFCh. 9 - Prob. 3MFCh. 9 - Prob. 4MFCh. 9 - Prob. 5MFCh. 9 - Prob. 6MFCh. 9 - Prob. 7MFCh. 9 - Prob. 8MFCh. 9 - Borrowing from Petty Cash Daniel Brown is in...Ch. 9 - Prob. 1FSA
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- Post the differences between the cash count and the cash register tape to the Cash Short and Over T account. Assume a change fund of $100. Date March 3 4 5 6 7 Cash Register Tape $1,495.89 1,878.55 741.76 1,646.62 1,714.13 When required, enter amounts in dollars and cents. Cash Short and Over Bal. 1. What is the amount of cash sales for the week? Cash Count $1,601.89 1,986.55 843.76 1,744.62 1,814.13 4. How much cash was deposited? 2. What is the balance in the cash short and over account? 3. Does the balance in the cash short and over account represent a shortage or overage? 0.0000000arrow_forwardABC LLC started a petty cash fund with opening balance of RO 500. During the month the receipts were RO 145 petrol, 75 office stationery, RO125 staff welfare and 85 travelling and there was RO 65 left in the petty cash box. The fund balance is to be increased to RO600. How much is the amount required to be refill in the petty cash fund? a. RO 530 b. RO 425 c. RO 535 d. RO 435arrow_forwardOn September 1, French company has decided to initiate a petty cash fund in the amount of $800. Prepare journal entries for the following transactions: A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $124, Postage Expense $270, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $48. B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $18, Supplies $175, Postage Expense $50, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $88, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $20. D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000. E. On September 30, the petty cash fund needed replenishment as it was month end. The following are the receipts: Auto Expense $18, Supplies $15, Postage Expense $57, Repairs and Maintenance Expense $49, Miscellaneous Expense $29. The cash on hand at this time was $837.arrow_forward
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