User Account

All Pages

Journalize the entries in october that pertain to petty fund

Assignment Help Accounting Basics
Reference no: EM132489180

Question - During October, Carla Vista Company experiences the following transactions in establishing a petty cash fund.

Oct. 1 A petty cash fund is established with a check for $146.00 issued to the petty cash custodian.

Oct. 31 A check was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund disclosed the following items:

Currency $59.00

Coins 203

Expenditure receipts (vouchers);

Supplies $24.77

Miscellaneous items 15.07

Postage 38.37

Freight-Out 5.47

Required - Journalize the entries in October that pertain to the petty cash fund.

Reference no: EM132489180

Questions Cloud

How might impact the choice of debt or equity : Easy or difficult time getting the capital they need based on the nature of their business and how that might impact their choice of debt or equity?
What a gain on the sale of plant assets is : On the statement of cash flows, a gain on the sale of plant assets is shown as a deduction from net income in the cash flows from operating activities section
Determining the violation of the act : Six months ago, Henri's consumer debt of $3,000 was referred to a collection agency. The first thing the agency did was to phone Henri's employer
Intending to purchase laundry detergent : Intending to purchase laundry detergent, Wendy went to her neighbourhood supermarket where her favourite brand was advertised
Journalize the entries in october that pertain to petty fund : Carla Vista Company experiences the following transactions in establishing a petty cash fund. Journalize the entries in October that pertain to petty cash fund
What account and amount would credit for transaction : On August 21 we issued 20,000 shares for $11 per share. What account(s) and amount(s) would we credit when we record the journal entry for this transaction?
Record the events in general journal format : Sold the land for $7100. Record the events in general journal format. Assume that the perpetual inventory method and gross method is used
What account and amount would debit : What account and amount would debit when record the journal entry for the September 5 transaction? Our company originally issued 1,000 shares
Undertaken by the agency were a violation of the act : Which actions undertaken by the agency were a violation of the Act?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd