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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
. Consider the cash account below.
Additional Information: cash disbursements were 80% of collections.
|
Cash |
 |
|
?? |
Beg. Balance |
|
115,375 |
Collections |
|
?? |
Disbursements |
|
80,275 |
End Balance |
| Â | Â |
How much was the Beginning Balance of the Cash Account?
Â
4. Journalize the entries to record the following:
Jun 1 Established a petty cash fund of $200
Jun 30 The amount of cash in the petty cash fund is now $57. The fund is replenished based on the following receipts: postage, $25; entertainment $100; miscellaneous $20.
Record any discrepancy in the cash short and over account.
Journal
|
Date |
Description |
Post Ref. |
Debit |
Credit |
| Â | Â | Â | Â | Â |
| Â | Â | Â | Â |
Â
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll