A delivery service recorded beginning petty cash of $500, received reimbursements of $1,200, and made payments of $1,400. If the actual cash count is $250, calculate the cash over or short amount.

While examining cash receipts information, the accounting department determined the following information: cash on hand $1,125.74 and cash sales per register tape $988.62. Prepare the required journal entry. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Round answers to 2 decimal places, e.g. 52.75.) Account Titles and Explanation Debit Credit

The following is the description of cash disbursements system of Two symbols limites: Upon receipt of the documents from accounts payable department, the cash disbursements clerk filesthe documents until their payment due date. On the due date, the clerk prepares a cheque for theinvoiced amount, which is sent to the treasurer who signs it and mails back to the supplier.The cash disbursement clerk then updates the cheque register, accounts payable ledger, and accountspayable control account from the clerk’s terminal. Finally, the clerk files the invoice and copy ofpurchase order, receiving report, cheque in the department.Required:Describe the internal control weakness in Two Symbols’ cash disbursements system and discuss therisk associated with the weakness.

The actual cash received from cash sales was $32,443, and the amount indicated by the cash register total was $32,473. Journalize the entry to record the cash receipts and cash sales. If an amount box does not require an entry, leave it blank. blank Account Debit Credit blank

A $180 petty cash fund has cash of $15 and receipts of $180. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. a-debit to Cash for $15 b-credit to Cash Short and Over for $15 c-credit to Petty Cash for $180 d-credit to Cash for $180

The following is the description of cash disbursements system of Two Symbols Limited: Upon receipt of the documents from accounts payable department, the cash disbursements clerk files the documents until their payment due date. On the due date, the clerk prepares a cheque for the invoiced amount, which is sent to the treasurer who signs it and mails back to the supplier. The cash disbursement clerk then updates the cheque register, accounts payable ledger, and accountspayable control account from the clerk’s terminal. Finally, the clerk files the invoice and copy ofpurchase order, receiving report, cheque in the department. Required:Describe the internal control weakness in Two Symbols’ cash disbursements system and discuss therisk associated with the weakness.

The following is the description of cash disbursements system of Two Symbols Limited:Upon receipt of the documents from accounts payable department, the cash disbursements clerk files the documents until their payment due date. On the due date, the clerk prepares a cheque for the invoiced amount, which is sent to the treasurer who signs it and mails back to the supplier.The cash disbursement clerk then updates the cheque register, accounts payable ledger, and accounts payable control account from the clerk’s terminal. Finally, the clerk files the invoice and copy of purchase order, receiving report, cheque in the department. Question 01 Describe the internal control weakness in Two Symbols’ cash disbursements system and discuss the risk associated with the weakness.

the following is the discription of cash disbursements system of Two symbols limited: upon receipt of the documents from accounts payable department, the cash disbursements clerk files the documents until their payment due date, on the due date the clerk prepares a cheque for the invoiced amount, which is sent to the treasurer who signs it and mails back to the supplier. the cash disbursement clerk then updates the cheque register, accounts payable ledger and accounts payable control account from the clerk's terminal. finally the clerk files the invoice and copy of purchase order, receiving report, cheque in the department required:    describe the internal control weekness in Two symbols cash disbursement system and discuss the risk associated with the weekness.

A $144 petty cash fund has cash of $24 and receipts of $109. The journal entry to replenish the account would include a Oa. credit to Petty Cash for $109. Ob. credit to Cash for $144. Oc. debit to Cash for $24. Od. debit to Cash Short and Over for $11. Previous Next

A $180 petty cash fund has cash of $20 and receipts of $146. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. credit to Cash for $180 debit to Cash for $20 debit to Cash Short and Over for $14 credit to Petty Cash for $146