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What is the correct adjusted ending cash balance

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Question

Part 1)

Alpha Company replenished a $500 petty cash fund. The petty cash box contained vouchers of $87 for postage, $173 for supplies, $58 for gasoline, and cash on hand of $180. The journal entry to reflect replenishment would include a?

Part 2)

Alpha Company used the periodic inventory system for purchase & sales of merchandise. Discount terms for both purchase & sales are, FOB Destination, 2/10, n30 and the gross method is used.

Part 3)

Annapolis Company's bank statement indicated an ending cash balance of $8,740. Alpha's accountant discovered that outstanding checks amounted to $915 and deposits in transit were $640. Additionally, the bank statement showed service charges of $35. What is the correct adjusted ending cash balance.

Reference no: EM132379708

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