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Category > Accounting Posted 06 May 2017 My Price 8.00

Reimbursement of the Petty Cash Fund.

Using the information from Practice Exercise 5, record the journal entry for the reimbursement of the Petty Cash Fund.

 

Practice Exercise 5

A Petty Cash Fund of $100 was established on October 1. At the end of the month, the following accounts were charged for expenditures from the Petty Cash Fund: Office Supplies, $13.75; Delivery Expense, $15.00; Miscellaneous Expense, $36.00; B. Thomas, Drawing, $25.00. Record the journal entries for the establishment of the Petty Cash Fund.

Answers

Alpha Geek
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Status NEW Posted 06 May 2017 10:05 AM My Price 8.00

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file 1494065404-Answer.docx preview (123 words )
M-----------ay -----------05 -----------201-----------7 0-----------5:3-----------6 P-----------M -----------Usi-----------ng -----------the----------- in-----------for-----------mat-----------ion----------- fr-----------om -----------Pra-----------cti-----------ce -----------Exe-----------rci-----------se -----------5, -----------rec-----------ord----------- th-----------e j-----------our-----------nal----------- en-----------try----------- fo-----------r t-----------he -----------rei-----------mbu-----------rse-----------men-----------t o-----------f t-----------he -----------Pet-----------ty -----------Cas-----------h F-----------und-----------. -----------Pra-----------cti-----------ce -----------Exe-----------rci-----------se -----------5 -----------A P-----------ett-----------y C-----------ash----------- Fu-----------nd -----------of -----------$10-----------0 w-----------as -----------est-----------abl-----------ish-----------ed -----------on -----------Oct-----------obe-----------r 1-----------. A-----------t t-----------he -----------end----------- of----------- th-----------e m-----------ont-----------h, -----------the----------- fo-----------llo-----------win-----------g a-----------cco-----------unt-----------s w-----------ere----------- ch-----------arg-----------ed -----------for----------- ex-----------pen-----------dit-----------ure-----------s f-----------rom----------- th-----------e P-----------ett-----------y C-----------ash----------- Fu-----------nd:----------- Of-----------fic-----------e S-----------upp-----------lie-----------s, -----------$13-----------.75-----------; D-----------eli-----------ver-----------y E-----------xpe-----------nse-----------, $-----------15.-----------00;----------- Mi-----------sce-----------lla-----------neo-----------us -----------Exp-----------ens-----------e, -----------$36-----------.00-----------; B-----------. T-----------hom-----------as,----------- Dr-----------awi-----------ng,----------- $2-----------5.0-----------0.
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