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

Assignment Help Accounting Basics

Reference no: EM13604573

Petty Cash Transactions

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: EM13604573

Questions Cloud

Piedmont fasteners corporation makes three different : piedmont fasteners corporation makes three different clothing fasteners in its manufacturing facility in north

Letting theta 53 degrees determine the vertical component : the image for this problem can be found through this link httpimgur.comfqjt0w5 please show all workformulas so that i

Dundee company issued 1000000 par value 10-year bonds at : dundee company issued 1000000 par value 10-year bonds at 102 on january 1 2005 which mega corporation purchased. the

By what percent does the peak load impact of jogging : high-impact activities such as jogging can cause considerable damage to the cartilage at the knee joints. peak loads on

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

Project 3-4 pages due in 24 hours pleas see instructions in : 3-4 pages due in 24 hours pleas see instructions in the attachment and make sure to follow it all. ltbrgtthe book name

You are on an airplane traveling 30deg south of due west at : you are on an airplane traveling 30deg south of due west at 150.0 ms with respect to the air. the air is moving with a

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

User Account

All Pages