Part 1. 1. If HHC has \$1,450 cash$500 of government Treasury bills purchased four months ago, $840 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Part 1. 1. If HHC has \$1,450 cash$500 of government Treasury bills purchased four months ago, $840 of cash set aside for its workers compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents"? Part 2: 2. I established the fund by cashing a check from HHC for $265 made payable me. Record the transaction 3. Tom Canuck provided a $79 receipt for repairs to the club's computer, so I paid $79 cash to him. Record the transaction. 4. Kim Harra provided a receipt for $59 for various supplies she planned to use to decorate the arena later this year. I paid $59 cash to her. Record the transaction. 5. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $89. Record the transaction. 6. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a check from HHC for $227, placing the cash into a locked cash box. Record the transaction. 7. Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $134 cash to her. Record the transaction. 8. Destiny Hook provided a phone bill showing she had paid $39 for telephone calls made to contact referees for the annual tournament. I paid her $39 cash Record the transaction. 9. Gutty McTavish submitted a receipt for $44 for a haircut he received. I did not pay him. Record the transaction. 10. On the last day of the month, I received and cashed a check from HHC for $173, placing the cash into the locked cash box. Record the transaction.
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PA5-4 (Algo) (Supplement 5A) Reporting Petty Cash Transactions [LO 5-5, LO 5-S1]
[The following information applies to the questions displayed below.]
Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne
Crosby, describes the events that occurred during the last two months:
a. I established the fund by cashing a check from HHC for $265 made payable to me.
b. Tom Canuck provided a $79 receipt for repairs to the club's computer, so I paid $79 cash to him.
c. Kim Harra provided a receipt for $59 for various supplies she planned to use to decorate the arena later this year. I paid
$59 cash to her.
d. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I
paid him $89.
e. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received
and cashed a check from HHC for $227, placing the cash into a locked cash box.
f. Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $134 cash to her.
g. Destiny Hook provided a phone bill showing she had paid $39 for telephone calls made to contact referees for the
annual tournament. I paid her $39 cash.
h. Gutty McTavish submitted a receipt for $44 for a haircut he received. I did not pay him.
i. On the last day of the month, I received and cashed a check from HHC for $173, placing the cash into the locked cash
box.
PA5-4 (Algo) Part 2
2. If HHC has $1,450 cash, $500 of government Treasury bills purchased four months ago, $840 of cash cot i
compensation insurance, how much will the company report
mework
Transcribed Image Text:Help Saved Required information PA5-4 (Algo) (Supplement 5A) Reporting Petty Cash Transactions [LO 5-5, LO 5-S1] [The following information applies to the questions displayed below.] Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: a. I established the fund by cashing a check from HHC for $265 made payable to me. b. Tom Canuck provided a $79 receipt for repairs to the club's computer, so I paid $79 cash to him. c. Kim Harra provided a receipt for $59 for various supplies she planned to use to decorate the arena later this year. I paid $59 cash to her. d. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $89. e. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a check from HHC for $227, placing the cash into a locked cash box. f. Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $134 cash to her. g. Destiny Hook provided a phone bill showing she had paid $39 for telephone calls made to contact referees for the annual tournament. I paid her $39 cash. h. Gutty McTavish submitted a receipt for $44 for a haircut he received. I did not pay him. i. On the last day of the month, I received and cashed a check from HHC for $173, placing the cash into the locked cash box. PA5-4 (Algo) Part 2 2. If HHC has $1,450 cash, $500 of government Treasury bills purchased four months ago, $840 of cash cot i compensation insurance, how much will the company report mework
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