On june 30 the petty cash fund had cash of 1546 and the

Reference no: EM13604566

A small company maintains a petty cash fund for minor expenditures. In June and July 2011, the following transactions took place:

1. The fund was established in the amount of $100.00 on June 1 from the proceeds of check no. 2707.

2. On June 30, the petty cash fund had cash of $15.46 and the following receipts on hand: postage, $40.00; supplies, $24.94; delivery service, $12.40; and rubber stamp, $7.20. Check no. 2778 was drawn to replenish the fund.

3. On July 31, the petty cash fund had cash of $22.06 and these receipts on hand: postage, $34.20; supplies, $32.84; and delivery service, $6.40. The petty cash custodian could not account for the shortage. Check no. 2847 was drawn to replenish the fund.

Prepare entries in journal form necessary to record each transaction.

Reference no: EM13604566

Questions Cloud

Andys agi is 45000 and he has no other employee business : filing status basic standard deduction additional standard deduction social securtiy base amountmarried joint 11400

What are the tax consequences to form a partnership rather : what are the tax consequences to form a partnership rather than a corporation if individual form a company to transfer

A particle which moves with curvilinear motion has : a particle which moves with curvilinear motion has coordinates in meters which vary with time t in seconds according to

Fron the video holden outerwear managing change and : fron the video holden outerwear managing change and innovation determine what lessons learned other companies in

On june 30 the petty cash fund had cash of 1546 and the : a small company maintains a petty cash fund for minor expenditures. in june and july 2011 the following transactions

Use the internet or the to identify and research three : use the internet or the to identify and research three organizations you believe are exceptionally innovative with a

Salary payments made to an officer of the corporation that : in late 2007 the board of directors adopted the following salary payments made to an officer of the corporation that

Computer equipment was acquired at the beginning of the : 1. computer equipment was acquired at the beginning of the year at a cost of 65000 that has an estimated residual value

When circuit boards used in the manufacture of compact disc : when circuit boards used in the manufacture of compact disc players are tested the long-run percentage of defectives is

User Account

All Pages