College Accounting (Book Only): A Career Approach
College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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Cash Book
So, before coming to the topic of cash books, I will let you briefly explain about the cash so that you all can be familiar with the word cash. Cash comes under the category of the current asset which is used as a medium of exchange for all the financial…
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Chapter 6, Problem 2PA

1.

To determine

Journalize the issue of check for petty cash fund establishment.

2.

To determine

Prepare a petty cash payments report of Company E for the month of May.

3.

To determine

Journalize the transaction for reimbursement of petty cash fund.

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The following petty cash transactions were made by the Freeman Corporation during the month                 of September. Record the transactions in the journal provided in the account order that they appear below.                                   Sep 1 Established a petty cash fund of $300.                                 Sep 15 Reimbursed the petty cash fund for the following:                 Stapler, staples, and tape   $55             Pizza for the office party (meals)   $85             Maintenance/Janitorial   $112                               The cash in the box before reimbursement was $40.                                 Sep 16 Realized the petty cash fund should be increased to $400.                                 Sep 30 Reimbursed the petty cash fund for the following:                 Delivery charges   $85             Toner and paper for office printer   $115             Lunch for the customer   $130                               The…
During October, Daylight Company experiences the following transactions in establishing a petty cash fund. Prepare journal entries in october that pertain to petty cash fund. Oct. A petty cash fund is established with a check for 150 issued to the petty cash custodian. 1 31 A check was written to reimburse the fund and increase the fund to 200. A count of the petty cash fund disclosed the following items: Currency 59.00 Coins 0.70 Expenditure receipts (vouchers): Supplies Telephone, Internet, and fax Postage Freight-Out 26.10 16.40 39.70 6.80

Chapter 6 Solutions

College Accounting (Book Only): A Career Approach

Ch. 6 - Prob. 1QYCh. 6 - Prob. 2QYCh. 6 - Which of the following does not explain the...Ch. 6 - What is the journal entry to record an NSF check,...Ch. 6 - Prob. 5QYCh. 6 - Prob. 6QYCh. 6 - Prob. 7QYCh. 6 - Prob. 8QYCh. 6 - Prob. 1DQCh. 6 - Prob. 2DQ
Ch. 6 - Prob. 3DQCh. 6 - Prob. 4DQCh. 6 - Prob. 5DQCh. 6 - Prob. 6DQCh. 6 - a. Why would a business use a Petty Cash Fund? b....Ch. 6 - Prob. 8DQCh. 6 - Prob. 1ECh. 6 - Prob. 2ECh. 6 - Prob. 3ECh. 6 - Prob. 4ECh. 6 - Prob. 5ECh. 6 - Prob. 6ECh. 6 - Prob. 7ECh. 6 - a. Describe the entries that have been posted to...Ch. 6 - Prob. 1PACh. 6 - Prob. 2PACh. 6 - Prob. 3PACh. 6 - Prob. 4PACh. 6 - Prob. 5PACh. 6 - Prob. 1PBCh. 6 - Prob. 2PBCh. 6 - Prob. 3PBCh. 6 - Prob. 4PBCh. 6 - Prob. 5PBCh. 6 - Prob. 1ACh. 6 - Prob. 2ACh. 6 - You work as a cashier for a service business. Some...
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