Business, 30.03.2021 18:00 betsylancer8522
Austin Co. established a petty cash fund by issuing a check for $347 and appointing Steve Mack as petty cash custodian. Mack had vouchers for the following petty cash payments during the month:
Stamps $ 59 Miscellaneous items 33 Employee supper money 75 Taxi fare 55 Window-washing service 90 There was $30 of currency in the petty cash box at the time it was replenished.
Required
a. Prepare all general journal entries necessary to (1) establish the fund, (2) reimburse employees, (3) recognize the expenses and replenish the fund. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
b. Identify the event depicted in each journal entry recorded in Requirement a as asset source (AS), asset use (AU), asset exchange (AE), or claims exchange (CE). (Select "NE" if there is no effect.)
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 08:20, auntlynard1843
How much does a neurosurgeon can make most in canada? give me answer in candian dollar
Answers: 1
Business, 22.06.2019 09:50, winterblanco
phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)
Answers: 3
Business, 22.06.2019 10:30, Uc34758
Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)
Answers: 2
Business, 23.06.2019 00:50, aaronlikly
On december 31 of the current year, the unadjusted trial balance of a company using the percent of receivables method to estimate bad debt included the following: accounts receivable, debit balance of $97,900; allowance for doubtful accounts, credit balance of $1,031. what amount should be debited to bad debts expense, assuming 6% of outstanding accounts receivable at the end of the current year are estimated to be uncollectible?
Answers: 1
You know the right answer?
Austin Co. established a petty cash fund by issuing a check for $347 and appointing Steve Mack as pe...
Questions in other subjects:
Health, 20.07.2019 18:00
Mathematics, 20.07.2019 18:00
Spanish, 20.07.2019 18:00
History, 20.07.2019 18:00
