Make the genral journal entries to a create the petty cash

Assignment Help Accounting Basics
Reference no: EM13569668

Louise's Dance Studio created a $200 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets are follows.

petty cash ticket no. item account deleted amount
1 delivery of programs for customers delivery expense $15
2 Mail package postage expense 10
3 Newsletter suppliers expense 30
4 key to closet miscellaneous expense 45
5 computer jumpdrive supplies expense 75

Requirement

1. Make the genral journal entries to a. create the petty cash fund and b. record its replenishment. cash in the fund totals $15, so $10 is missing. include explanations.

Reference no: EM13569668

Questions Cloud

You have been asked to develop a parent education program : you have been asked to develop a parent education program for the parents of elementary school age children. what are
Compute all of the materials and labor variances round : costello corporation manufactures a single product. the standard cost per unit of product is shown below. direct
If the bonds have a par value of 1000 and are currently : jack jones is interested in buying some bonds. the bonds have a 12 coupon rate and mature in 20 years. if the bonds
Summarize 3 big differences between chinese and western : here is the link of the online article written by amy chua the author of battle hymn of the tiger
Make the genral journal entries to a create the petty cash : louises dance studio created a 200 imprest petty cash fund. during the month the fund custodian authorized and signed
Find the accumulated amount at the end of 8 month on a 1200 : find the accumulated amount at the end of 8 month on a 1200 bank deposit paying simple interest at a rate of 7
Kimm company has gathered the following information about : kimm company has gathered the following information about its product. direct materials each unit of product contains
The overall responses must show substantial understanding : the sociology of childhood-third edition by willam a. corsaro is the textbookword equivalent 1200 wordsquestionusing
Big apple airlines operates 35 scheduled round-trip flights : big apple airlines operates 35 scheduled round-trip flights between new york and chicago each week. it charges a fixed

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.

  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!

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