Continue using the journal and journalize the following transaction: Mar. 31. Paid cash to replenish the petty cash fund, $285.00. C225.

Q: A $195 petty cash fund has cash of $20 and receipts of $161. The journal entry to replenish the…

A: Journal entry is a process of recording business transactions in the books of accounts for the first…

Q: Journalize the entries to record the following: Apr. 1 Established a petty cash fund of $350. 10…

A: Journal: Recording of a business transactions in a chronological order.

Q: March Transactions: Mar. 1 Established a petty cash fund of $856.   31 The amount of cash in the…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: a $200 petty cash fund has cash for $10 and receipts of $220. The journal entry to replenish the…

A: Despite the fact that it does not reflect the current balance, the petty cash fund account does not…

Q: 7. On May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200.…

A: The company maintains availability of small amount to pay daily expenses in the form of petty cash.

Q: Journalize the entries to record the following: Check No. 245-13 is issued to establish a petty…

A: a. Journalize the entry to establish the petty cash fund. No. Particulars Debit Credit   Petty…

Q: A $102 petty cash fund contains $90 in petty cash receipts, and $7 in currency and coins. Which of…

A:

Q: Required information Exercise 6-10A (Algo) Adjusting the cash account LO 6-3 [The following…

A: A bank reconciliation statement is a financial document that reconciles the bank statement balance…

Q: Instructions The actual cash received from cash sales was $45,449 and the amount indicated by the…

A: Cash short or over= Actual cash received  from cash sales - Amount  indicated  by cash register

Q: A company needs to replenish its $500 petty cash fund. Its petty cashbox has $75 cash and petty cash…

A: Petty cash fund is maintained when the number of small cash expenses are in huge number for an…

Q: $121 petty cash fund has cash of $19 and receipts of $99. The journal entry to replenish the account…

A: Replenish of petty cash fund means reimbursement of petty cash fund.

Q: A petty cash fund was originally established with a check for $270. On August 31, which is the…

A: Petty cash is the fund which is given to cashier to meet up the short term needs of the business. It…

Q: A $114 petty cash fund has cash of $16 and receipts of $91. The journal entry to replenish the…

A: Petty cash fund is a type of fund set aside by a company to meet daily expenses of the company.…

Q: A. Started a petty cash fund in the amount of $450. B. Replenished petty cash fund using the…

A: Petty cash fund is that fund which is established for the purpose of paying very small or petty…

Q: The actual cash received from cash sales was $12,100 and the amount indicated by the cash register…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: A $180 petty cash fund has cash of $20 and receipts of $146. Which of the following would be part of…

A: Cash Need to Replenish to Petty Cash Fund = Amount of Fund to Be - Cash Receipts - Amount of Cash…

Q: Assume that the custodian of a $465 petty cash fund has $67.50 in coins and currency plus $391.50 in…

A: The petty cash balance is maintained for day to day cash transactions of the business.

Q: 9. A petty cash fund was originally established with a check for $200. On August 31, which is the…

A: The journal entries are prepared to record the transactions on a regular basis. The petty cash fund…

Q: Please help me with this question

A: Task 3: Posting from the General JournalLet's assume we have the following general journal entries…

Q: pare Journal Entry to establish Petty Cash Fund

A: Meaning of Petty Cash book: It is the subsidiary book of main cash book where all the small day to…

Q: Journalize the entries to record the following: Required: a. On March 1, check is issued to…

A: Petty cash funds are those funds which are maintained for small petty expenses of the business.…

Q: A petty cash fund was originally established with a cheque for $150. On December 31, you find the…

A: Introduction:- petty cash fund is used to pay for small expenses for everyday. Examples:- postage…

Q: The following were the transactions involving an entity's petty cash fund during the period. July 1,…

A: Petty cash fund is that fund which is established for small petty expenses in business. Imprest…

Q: A petty cash fund was established with a $200 balance. It currently has cash of $40 and petty cash…

A: Lets understand the basics.Entity creates petty cash by moving some few amount of money into petty…

Q: Imprest amount Coins and currency Petty cash receipts Required: Prepare all the necessary journal…

A: Imprest Petty cash method is a method wherein petty cash expense incurred which is supported by…

Q: Record the following transactions into the general journal.  Be sure to include explanations.  When…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: Current Attempt in Progress On March 20, Sheridan's petty cash fund of $104 is replenished when the…

A: Petty cash means where a separate cash book is maintained which is usually deals with the small…

Q: Help

A: Petty cash fund: It is a fund established to pay insignificant amounts like postage, office supplies…

Q: $162 petty cash fund has cash of $37 and receipts of $124. The journal entry to replenish the…

A: The petty cash account is used for payouts small incidental expenses such as utility expenses,…

Q: March 1 Established a petty cash fund of $877. March 31 The amount of cash in the petty cash fund is…

A: Petty cash: Petty cash fund is established to pay small expenses like office supplies, postage etc.…

Q: A. Started a petty cash fund in the amount of $250. B. Replenished petty cash fund using the…

A: Transaction  General Journal   Debit   Credit  A.  Petty Cash  $250                Cash    $250…

Q: Journalize the entries to record the following: March 1 Established a petty cash fund of $877.…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: July 1. Established a petty cash fund of $1,100. 12. The cash sales for the day, according to the…

A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…

Q: If a petty cash fund is established in the amount of $348 and contains $200 in cash and $134 in…

A: JOURNAL ENTRY FOR REPLENISHMENT :  PARTICULARS DEBIT CREDIT SUNDRY EXPENSE $134   CASH…

Q: Started a petty cash fund in the amount of $250. B. Replenished petty cash fund using the following…

A: The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…

Q: A petty cash fund was originally established with a check for $230. On August 31, which is the…

A: Petty cash is the fund which is given to cashier to meet up the short term needs of the business. It…

Q: A $65 petty cash fund has cash of $20 and receipts of $60. The journal entry to replenish the…

A: Petty cash book  is the cash books in which we include small expenses, It is sorted by date, we can…

Q: A $142 petty cash fund has cash of $22 and receipts of $126. The journal entry to replenish the…

A: Petty cash is the fund which is kept by the entity with the cashier so as to pay off the petty…

Q: A petty cash fund was originally established witha cheque for $150. On December 31, you find the…

A: PETTY CASH ARE SMALL AMOUNT OF FUNDS IN THE FORM OF CASH USED FOR MAKING OUT EXPENSITURE WHERE IT IS…

Q: Prepare journal entries for each of the following: Question Content Area a.  Issued a check to…

A: When a petty cash fund is established, a check is issued to transfer the necessary funds from the…

Q: On May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,500. Prepare…

A: Petty cash fund is used by the organizations to fund the small cash payments for utilities, office…

Q: A $115 petty cash fund has cash of $22 and receipts of $83. The journal entry to replenish the…

A: Petty cash is the cash account managed to incur minor expenses related to business operations. The…

Q: Knowledge Check Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $17…

A: Petty cash is money kept for small and incidental expenses. Petty cash is current account and…

Q: A $250 petty cash fund has cash of $15 and receipts of $230. The journal entry to replenish the…

A: Particulars  Debit (in $) Credit (in $) Expenses  Cash short and over [250 - (230+15)]…

Q: Jone Company established a petty cash fund. 1. Established a petty cash fund of $10000 on August 2.…

A: JOURNAL ENTRIES AS PER PETTY CASH FUND SYSTEMS WHICH ARE  FLUCTUATING FUND SYSTEM AND IMPREST FUND…

Q: A $73 petty cash fund has cash of $17 and receipts of $66. The journal entry to replenish the…

A: Petty Cash Fund : Petty cash fund means small amount kept aside to pay Petty expenses.  Such as…

Q: Current Attempt in Progress Sheridan Company uses an imprest petty cash system. The fund was…

A: A petty cash fund is established to provide businesses with sufficient cash to meet minor expenses.…

Q: petty cash fund

A: Petty cash fund is a small fund made of cash to meet the routine expenses of business.

Q: A $84 petty cash fund has cash of $17 and receipts of $72. The journal entry to replenish the…

A: Petty cash is used to keep a separate cash account for day to day office expenses. It is usually…

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 transactions in the firm. Cash is something that is universally accepted as a mode of payment. So, now comes to the topic i.e., cash book.