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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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
Transcribed Image Text:Kieso, Intermediate Accounting, 17e
Help | System Announcements
CALCULATOR
PRINTER VERSION
Exercise 7-23
The petty cash fund of Riverbed's Auto Repair Service, a sole proprietorship, contains the following.
1.
Coins and currency
$19.80
2.
Postage stamps
7.50
An I.O.U. from Richie Cunningham, an employee, for cash advance
Check payable to Riverbed's Auto Repair from Pottsie Weber, an employee, marked NSF
Vouchers for the following:
Stamps
Two Rose Bowl tickets for Nick Riverbed
3.
44.60
4.
38.60
5.
$ 24.60
177.00
Printer cartridge (Use the Office Supplies account)
18.95
220.55
$331.05
The general ledger account Petty Cash has a balance of $335.
Prepare the journal entry to record the reimbursement of the petty cash fund. (Round answers to 2 decimal places, e.g. 15.25. If no entry is required, select No Entr
the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)
Account Titles and Explanation
Debit
Credit
earch

Transcribed Image Text:ements
CAL
URCES
Printer cartridge (Use the Office Supplies account)
18.95
220.55
$331.05
The general ledger account Petty Cash has a balance of $335.
rt
Prepare the journal entry to record the reimbursement of the petty cash fund. (Round answers to 2 decimal places, e.g. 15.25. If no en
the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do
Account Titles and Explanation
Debit
Credit
it
rt
Study
SHOW LIST OF ACCOUNTS
LINK TO TEXT
Question Attempts: 0 of 5 esed
here to search
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