Waupaca company establishes a 310 petty cash fund on

Assignment Help Accounting Basics

Reference no: EM13580143

Waupaca Company establishes a $310 petty cash fund on September 9. On September 30, the fund shows $43 in cash along with receipts for the following expenditures: transportation costs of merchandise inventory purchased, $47; postage expenses, $78; and miscellaneous expenses, $132. The petty cashier could not account for a $10 shortage in the fund. Waupaca uses the perpetual system in accounting for merchandise inventory.

(1) Prepare the journal entry to establish the Petty Cash fund.

(2.) Prepare the September 30 entry to reimburse the fund.

(3) Prepare an October 1 entry to increase the fund to $385

Reference no: EM13580143

Questions Cloud

Check no 919 listed with the canceled checks was correctly : del gato clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check.

If no estimate of the sample proportion is available how : question a recent study indicated that 29 of 100 women over age 55 in the study were widows.a how large a sample

Wright company deposits all cash receipts on the day when : wright company deposits all cash receipts on the day when they are received and it makes all cash payments by check. at

An apartment building has 8 floors if seven people get on : an apartment building has 8 floors? if seven people get on the elevator on the first floor what is the probability

Waupaca company establishes a 310 petty cash fund on : waupaca company establishes a 310 petty cash fund on september 9. on september 30 the fund shows 43 in cash along with

How large a sample must one take to be 90 confident that : q1 the gallop poll folks found that 27 of adults surveyed national survey said that they had been in a tornado.

Prepare a complete cost production report showing units and : the assembly department uses a process cost accounting system and a weighted-average cost flow assumption. the

Laker company uses a perpertual inventory system for : jan. 1 beginning inventory 300 units 10.00 3000jan. 10 sales units sold at retail 165 units 18.00jan. 20 purchase 370

Vndor as defect rate is 001 and vendor bs defect rate is : suppose we receive 75 of a certain part from vendor a and 25 from vendor b. vendor as defect rate is 0.01 and vendor

User Account

All Pages