Essay
Prepare journal entries for the following petty cash fund transactions:
Nov. 1 Established a $75 petty cash fund.
15 Increased the petty cash fund to have a new balance of $200.
30 Replenished the petty cash fund. Currency and coins remaining were $30. Approved paid vouchers were: $10 donation expense; $16 postage expense; $30 office supplies expense; and $20 misc. expense.
Correct Answer:
Verified
Correct Answer:
Verified
Q9: A payment for $51 is incorrectly recorded
Q10: Advantages of on-line banking include:<br>A) convenience.<br>B) transaction
Q11: Indicate which effect(s) each situation will have:<br><br>-_
Q12: Indicate which effect(s) each situation will have:<br><br>-_
Q13: Which of the following transactions would be
Q15: What is the difference between a debit
Q16: Determine the adjusted cash balance per bank
Q17: Bank service charges would be shown on
Q18: Canceled checks are negotiable at the bank
Q19: Prepare journal entries for the following petty