Nakashima Gallery had the following petty cash transactions in February of the current year.     Feb. 2   Wrote a $340 check, cashed it, and gave the proceeds and the petty cashbox to Chloe Addison, the petty cashier.   5   Purchased bond paper for the copier for $16.55 that is immediately used.   9   Paid $44.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory.   12   Paid $8.75 postage to express mail a contract to a client.   14   Reimbursed Adina Sharon, the manager, $74 for business mileage on her car.   20   Purchased stationery for $68.77 that is immediately used.   23   Paid a courier $23 to deliver merchandise sold to a customer, terms FOB destination.   25   Paid $11.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.   27   Paid $51 for postage expenses.   28   The fund had $22.81 remaining in the petty cash box. Sorted the petty cash receipts by accounts affected and exchanged them for a check to reimburse the fund for expenditures.   28   The petty cash fund amount is increased by $70 to a total of $410. Prepare the journal entries for part 2 to both (a) reimburse and (b) increase the fund amount. (Round your answers to 2 decimal places.)   Record the reimbursement of the petty cash fund.   Record the increase of the petty cash fund.

Awy Company has a petty cash fund for small expenses. The fllowing transactions occurred over a period of 2 months. May 1 Established a petty cash fund by issuing a Landmark Bank check for $100 May 14 Replenish the petty cash fund by issuing a check for $200. As of this date the fund consists of $20 in cash and some petty cash receipts: shipping costs $46; postage expenses $50; entertainment expenses $36, and other expenses $8. post May 31 Replenish the petty cash fund by issuing a check for $197. As of this date the fund consists of $22 in cash and some petty cash receipts: shipping costs $43; charitable donation expense $24; postage expenses $53; and other expenses $51. June 14 Replenished the petty cash fund by issuing a check for $190. At this date the fund consists of $30 in cash and several petty cash receipts: shipping costs $46; entertainment expenses 48; load of postal objects 40 ; and other expenses $30. June 17 Increase the petty cash fund amount to $270 by issuing a check…

Rick Hall owns a card shop, Hall's Cards. The following cash information is available for the month of August, Year 3. As of August 31, the bank statement shows a balance of $13,995. The August 31 unadjusted balance in the Cash account of Hall's Cards is $9,933. A review of the bank statement revealed the following information: A deposit of $1,700 on August 31, Year 3, does not appear on the August bank statement. It was discovered that a check to pay for baseball cards was correctly written and paid by the bank for $3,970 but was recorded on the books as $4,870. When checks written during the month were compared with those paid by the bank, three checks amounting to $4, 935 were found to be outstanding. A debit memo for $73 was included in the bank statement for the purchase of a new supply of checks. Required Prepare a bank reconciliation at the end of August showing the true cash balance. (Negative amounts should be indicated with minus sign.) HALL'S CARDS Bank Reconciliation August…

The Tempest Company is setting a petty cash. 1A-Prepare the entry to set up a petty cash for three hundred dollars. What is the debit in the entry to set up the petty cash? 18-Prepare the entry to set up a petty cash for three hundred dollars. What is the credit in the entry to set up the petty cash? 2A-Prepare the entry to reimburse the petty cash at the end of the month. The petty cashier had the following receipts: Postage $30, Delivery cots to the Comany $120, Delivery costs from the company to their customers $90, Supplies $40, Cash remaining $15. What are the DEBIT(S) in the entry to reimburse the petty cash? 28-Prepare the entry to reimburse the petty cash at the end of the month. The petty cashier had the following receipts: Postage $30, Delivery cots to the Comany $120, Delivery costs from the company to their customers $90, Supplies $40, Cash remaining $15. What are the CREDIT(S) in the entry to reimburse the petty cash? What is the amount of the cash over and short?…