- postage meter supplies
- office supplies wholesale
- pre paid mastercards
- travel expense report
Feb. 2 Wrote a $400 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 $14.15 that is immediately used.
9 Paid $32.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory.
12 Paid $7.95 postage to express mail a contract to a client.
14 Reimbursed Adina Sharon, the manager, $68 for business mileage on her car.
20 Purchased stationery for $67.77 that is immediately used.
23 Paid a courier $20 to deliver merchandise sold to a customer, terms FOB destination.
25 Paid $13.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.
27 Paid $54 for postage expenses.
28 The fund had $120.42 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 $100 to a total of $500.
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1.Prepare the journal entry to establish the petty cash fund.
Dr Petty cash $400
Cr Cash $400
2.Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense. Sort the payments into the appropriate categories and total the expenditures in each category. (Round your answers to 2 decimal places.)
23 Delivery Expense $20.00
14 Mileage Expense $68.00
12,27 Postage Expense $61.95
9,25 Merchandise Inventory $45.60
5,20 Office Supplies $81.92
TOTAL: 277.47
3.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.
DR merchandise Inventory 45.60
CR cash over and short ??????????
Record the reimbursement of the petty cash fund.Record the increase of the petty cash fund.
DR Petty cash 100
CR Cash 100
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I just need help finding the cash and over short and if you could explain how you got it i would really appreciate it :)
5 Purchased bond paper for the copier for $14.15 that is immediately used.
9 Paid $32.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Nakashima uses the perpetual system to account for merchandise inventory.
12 Paid $7.95 postage to express mail a contract to a client.
14 Reimbursed Adina Sharon, the manager, $68 for business mileage on her car.
20 Purchased stationery for $67.77 that is immediately used.
23 Paid a courier $20 to deliver merchandise sold to a customer, terms FOB destination.
25 Paid $13.10 COD shipping charges on merchandise purchased for resale, terms FOB shipping point.
27 Paid $54 for postage expenses.
28 The fund had $120.42 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 $100 to a total of $500.
---------------------------------------…
1.Prepare the journal entry to establish the petty cash fund.
Dr Petty cash $400
Cr Cash $400
2.Prepare a petty cash payments report for February with these categories: delivery expense, mileage expense, postage expense, merchandise inventory (for transportation-in), and office supplies expense. Sort the payments into the appropriate categories and total the expenditures in each category. (Round your answers to 2 decimal places.)
23 Delivery Expense $20.00
14 Mileage Expense $68.00
12,27 Postage Expense $61.95
9,25 Merchandise Inventory $45.60
5,20 Office Supplies $81.92
TOTAL: 277.47
3.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.
DR merchandise Inventory 45.60
CR cash over and short ??????????
Record the reimbursement of the petty cash fund.Record the increase of the petty cash fund.
DR Petty cash 100
CR Cash 100
---------------------------------------…
I just need help finding the cash and over short and if you could explain how you got it i would really appreciate it :)
Petty cash fund need to determine cash over and short value PLEASE HELP!!?
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