Entity to record the replenishment of the petty cash fund

Assignment Help Accounting Basics

Reference no: EM132568196

Question: As of December 31, 20x1, the petty cash fund of TUMULT COMMOTION co. with a general ledger balance of 15,000 comprises the following

Coins and Currencies 2,550
Petty cash voucher:
Gasoline for delivery equipment 3,000
Medical supplies for employees 2,040
IOU's:
Advances to employees 2,220
A sheet of paper with names of several employees together with the contribution to bereaved employees, attached is a currency of 2,400
Checks:
Check drain to the order of the petty cash custodian 3,000
Personal check drawn by the petty cash custodian 2,400

The entity to record the replenishment of the petty cash fund includes:
a. A credit to cash short/overage account of 810 and a credit to cash of 12,450
b. A debit to cash short/overage account of 2,190 and a crest to cash on hand of 9,450
c. A debit to cash short/overage account of 2,190 and a credit to cash in bank of 9,450
d. Answer not given
e. A debit to cash short/overage account of 810 and a credit to petty cash fund of 12,450

Reference no: EM132568196

Questions Cloud

PEOPLE OF THE STATE OF TEXAS-Scott Mayo-Defendant : Scott Mayo worked as a bartender at The Local Watering Hole. One night at work, Scott got into an argument with Basil Scowen.

Stand your ground law and castle doctrine protects : If this case were prosecuted in Ohio there is no "stand your ground law" and the "castle doctrine" protects people from defending themselves

What about national origin or ethnicity : What about national origin or ethnicity? how else might it design an admissions program to achieve a diverse classroom?

Business law-e-waste was becoming major problem : Please use the IRAC approach to help you answer the questions. The State of Pennslyvania decided that e-waste was becoming a major problem

Entity to record the replenishment of the petty cash fund : Entity to record the replenishment of the petty cash fund - A sheet of paper with names of several employees together with the contribution to bereaved employee

Determine the relationship between the force : Design an experiment to determine the relationship between the force on the conductor and the length

Fair value through other comprehensive income : Fair value through other comprehensive income, the gain or loss on sale of January 2,2018 to be recognized directly in the retained earnings

Calculate moment of inertia of a disk : Calculate moment of inertia of a disk with a mass 6.00 kg and radius 0.250 m, with axis of rotation halfway between its center and its rim.

Calculate location of the center of mass : Calculate location of the center of mass of the following system:

User Account

All Pages