Prepare journal entries for the following petty cash

Assignment Help Accounting Basics

Reference no: EM13454268

Prepare journal entries for the following petty cash transactions of Bob's Lawn Service:

1) Established a $200 petty cash fund

Journal Entry
DATE		ACCOUNTS AND EXPLANATIONS	POST. REF.	DEBIT	CREDIT
Nov	14	Petty Cash		200.00
Nov	14	Petty Cash			200.00

2) Replenish the petty cash fund. The fund contained the following: $77 in cash, receipts for $45 in lawn supplies purchased, receipts for $11 in fuel costs purchased, and a $17 receipt for entertainment expenses

Journal Entry
DATE	ACCOUNTS AND EXPLANATIONS	POST. REF.	DEBIT	CREDIT
	Cash			77.00
	Lawn Supplies		45.00
	Fuel		11.00
	Entertainment		17.00
	Cash			73.00

Reference no: EM13454268

Questions Cloud

Explain why does the physician wait for a few days before : marcie m. is an active 3 year old with blond hair and blue eyes. she is the only child in her family. at birth she

Open the detailed results for each site by clicking on the : nbspexercise 1. explain in detail how the presence of the five species listed below impacts the ecological balance of

What market structure is more advatageous for wonks to : assume that the potato chip industry in the northwest in 2007 was competitively structured and in long-run competitive

The right to refuse workplace hazards has a fundamental : the right to refuse workplace hazards has a fundamental conflict with the ability of a business to operate effectively

Prepare journal entries for the following petty cash : prepare journal entries for the following petty cash transactions of bobs lawn service1 established a 200 petty cash

Design a new product build your new product explain each : exercise 1. in this lab investigation you will research and discuss if disposable diapers seriously impact the

What role do corporations that use cheap labor practices : 1.provide a summary of the historical pattern of immigration concerns and the economy.2.how are certain groups

A person eats dinner and leaves without paying this is not : a person eats dinner and leaves without paying. this is not an uncommon situation and it does go against some kind of

Determine how human capital is used and what effect gender : write a three to four 3-4 page research paper in which youexplore whether or not funding from international lending

User Account

All Pages