Replenish Petty Cash Fund Journal Entry

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Accounting Ch 2 Flashcards | Quizlet

Posted: (4 days ago) Web 1. In your working papers, record the entry to establish the petty cash fund on page 9 of a general journal. 2. Make a list of the paid petty cash vouchers. 3. Classify the petty cash disbursements by account. Calculate the total amount paid out for each account. 4. Prepare a petty cash requisition, signing your name as the petty cashier.

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Solved Florence's Florals, a retail business, started a \( | Chegg.com

Posted: (4 days ago) Web Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30 . ... Record the transaction to establish the petty cash fund on June 1 in a general journal. Journal entry worksheet Issued Check 550 for $250 to establish a petty cash fund. Note: Enter ...

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Petty Cash Replenishment | Double Entry Bookkeeping

Posted: (8 days ago) Web Nov 08, 2019  · To replenish the fund the expense vouchers need to be replaced by cash of 60, bringing the total cash in the fund back to its original 300 (240 + 60). How to Record the Petty Cash Replenishment. The accounting records will show the following bookkeeping entries when the business withdraws cash to replenish the petty cash fund.

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Accounting Chapter 6 Smartbook Flashcards | Quizlet

Posted: (5 days ago) Web Jackson Co. needs to replenish its petty cash fund. Currently, it contains $5 in cash and receipts for supplies of $40 and delivery expenses of $49. The fund was initially established with $100. Demonstrate the journal entry to replenish the account and recognize the cash shortage by choosing the correct actions from those given below.

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Petty Cash Accounting | Creating Journal Entries & Reconciling …

Posted: (7 days ago) Web Nov 03, 2022  · When the petty cash fund gets too low, you must refill it to its set amount. Then, create another journal entry debiting the Petty Cash account and crediting the Cash account. Journal entry for removing money from the petty cash fund. You (or your petty cash cashier) must also create journal entries showing what petty cash funds go toward.

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Intro to Accounting Chapter 6 Smartbook Flashcards | Quizlet

Posted: (3 days ago) Web Jackson Co. needs to replenish its petty cash fund. Currently, it contains $5 in cash and receipts for supplies of $40 and delivery expenses of $49. The fund was initially established with $100. Demonstrate the journal entry to replenish the account and recognize the cash shortage by choosing the correct actions from those given below.

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Recharge Ch. 4 Flashcards | Quizlet

Posted: (7 days ago) Web During the month, Night used petty cash to purchase postage for $50 and supplies for $100. At the end of the month, Night recognizes the related expense and replenishes petty cash. The journal entry to replenish petty cash is: a. debit Petty Cash $150 b. debit Petty Cash $50 c. credit Petty Cash $50 d. credit Cash (checking account) $150

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Military Daily News, Military Headlines | Military.com

Posted: (3 days ago) Web Daily U.S. military news updates including military gear and equipment, breaking news, international news and more.

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Imprest Petty Cash | Double Entry Bookkeeping

Posted: (4 days ago) Web Nov 27, 2019  · The cash to replenish the petty cash fund is obtained from the cash (checking) account and the following bookkeeping journal is made: ... The imprest petty cash journal entry would then be as follows: Replenish the petty cash fund and record the expenses; Account Debit Credit; Cash: 75: Sundry expenses: 10: Postage: 25: …

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ACCT exam 2 Flashcards | Quizlet

Posted: (7 days ago) Web A petty cash fund was established with a $ 600 balance. It currently has cash of $ 35 and petty cash tickets as shown below: Travel expense $ 105 Office supplies expense 250 Equipment rental expense 140 Which of the following would be included in the journal entry to replenish the Petty Cash fund? A. credit to Petty Cash for $ 70 B.

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Smartbook: Chapter 6 Cash, Fraud, and Internal Control

Posted: (8 days ago) Web Jackson Co. needs to replenish its petty cash fund. Currently, it contains $5 in cash and receipts for supplies of $40 and delivery expenses of $49. The fund was initially established with $100. Demonstrate the journal entry to replenish the account and recognize the cash shortage by choosing the correct actions from those given below.

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What Is Petty Cash? How It Works and How To Use It

Posted: (9 days ago) Web Feb 04, 2020  · A journal entry is a physical record or a digital document that reflects all the financial transactions of a company. It can be recorded in the company's general ledger or in a subsidiary ledger. ... Companies usually replenish the petty cash fund either when it becomes low or at the end of the accounting period. In the latter case, companies ...

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Cash, Fraud, and Internal Control Flashcards | Chegg.com

Posted: (4 days ago) Web Jackson Co. needs to replenish its petty cash fund. Currently, it contains $5 in cash and receipts for supplies of $40 and delivery expenses of $49. The fund was initially established with $100. Demonstrate the journal entry to replenish the account and recognize the cash shortage by choosing the correct actions from those given below.

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Statement of Financial Position | Nonprofit Accounting Basics

Posted: (3 days ago) Web Jun 21, 2009  · In addition Org B shows net fixed assets of $25,000, totaling $100,000, a more accurate picture of the organization’s financial position. This organization’s board might want to consider designating some of the $75,000 into a cash reserve fund and an equipment maintenance and replacement fund.

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Practice Quiz Chapter 3 Flashcards | Quizlet

Posted: (4 days ago) Web Study with Quizlet and memorize flashcards containing terms like T/F: Adjusting entries result in a better matching of revenues and expenses for the period., T/F: Two main accounting principles used in accrual accounting are expense recognition and full closure., T/F: Adjusting entries are necessary so that asset, liability, revenue, and expense …

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Accounting Chapter 7 Final Flashcards | Quizlet

Posted: (6 days ago) Web A petty cash fund of $200 has $17 in cash, $180 in petty cash vouchers, and $3 in miscellaneous receipts not included with the petty cash vouchers. The proper journal entry to replenish the fund would include a credit to Cash for a.$183. b.$3. c.$17. d.$180.

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ACC 211 C8 Flashcards | Quizlet

Posted: (6 days ago) Web A $100 petty cash fund contains $89 in petty cash receipts, and $7.50 in currency and coins. The journal entry to record the replenishment of the fund would include a A)credit to Petty Cash for $96.50. B)credit to Cash for $89. C)debit to Cash Short and Over for $3.50 D)credit to Cash Short and Over for $3.50

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What is Petty Cash Management? | FloQast

Posted: (7 days ago) Web Aug 11, 2020  · That’s when having a petty cash fund in the office can help out. ... Here’s the journal entry to record the funding: Date: Account Name: DR: CR: 6/12/20: Petty Cash: $100: Cash: ... Replenish funds when low. When cash in the box gets low, cash another check to bring the cash balance back to the float. Ideally, this should be done close to ...

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Chapter 6 Flashcards | Quizlet

Posted: (6 days ago) Web The debit recorded in the journal to establish the petty cash fund is to: A. Petty cash B. Capital C. Cash D. Accounts Payable ... The credit recorded in the journal to replenish the petty cash fund is to: A. Petty cash B. Accounts receivable C. Miscellaneous Expense ... The credit recorded in the journal entry to establish the petty cash fund ...

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Petty Cash Book (Format, Example)| Imprest & Ordinary System

Posted: (6 days ago) Web A petty cash book is an accounting book used to record the petty cash expenditures, i.e., small amounts that a company occurs in its day-to-day operations. A petty cash book can be expressed as a formal summarization of petty cash expenditures, which refers to the regular day-to-day expenses of a business that are not related to the company’s ...

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ch 6 Flashcards | Quizlet

Posted: (5 days ago) Web Assume that the custodian of a $450 petty cash fund has $62 in coins and currency plus $383 in receipts at the end of the month. The entry to replenish the petty cash fund will include: A credit to Cash Over and Short for $5. A debit to Cash for $378. A debit to Cash Over and Short for $5. A credit to Cash for $383. A debit to Petty Cash for $383.

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AC CH 7 Flashcards | Quizlet

Posted: (7 days ago) Web The journal entry to replenish the account would include a. debit to Cash for $171. b. credit to Petty Cash for $171. c. credit to Cash over and Short for $3. d. credit to Cash for $171. c. A petty cash fund of $200 is replenished when the fund contains $12 in cash and receipts for $184. The entry to replenish the fund would

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GOVERNMENT CODE CHAPTER 403. COMPTROLLER OF PUBLIC …

Posted: (6 days ago) Web (c) The comptroller may temporarily transfer cash from the general revenue fund to a special fund in the state treasury or to an account in the general revenue fund if: (1) the transfer contributes toward minimizing the state's interest liability under the Cash Management Improvement Act of 1990 (31 U.S.C. Section 6501 et seq.) by delaying the ...

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ACCT Chapter 6 Flashcards | Quizlet

Posted: (4 days ago) Web May 16. Prepare a check for $200 to increase the fund to $550 May 31. Petty cashier reports $385.27 cash remains in the fund. A company check is drawn to replenish the fund for the following expenditures f) paid postage expense of $59.10 g) reimbursed office manager for milage expense for $47.05 h) paid $48.58 in delivery expense to customer ...

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accounting test 2 chapter 4,5 and 6 Flashcards | Quizlet

Posted: (9 days ago) Web The entry to replenish the petty cash fund will include: A debit to Petty Cash for $385.50. A debit to Cash for $391.10. A debit to Cash for $379.90. ... If, in addition to these receipts, the petty cash fund contains $296.75 of cash, the journal entry to reimburse the fund on December 31 will include: A debit to Petty Cash of $75. A debit to ...

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Overwatch 2 reaches 25 million players, tripling Overwatch 1 daily ...

Posted: (9 days ago) Web Oct 14, 2022  · Following a bumpy launch week that saw frequent server trouble and bloated player queues, Blizzard has announced that over 25 million Overwatch 2 players have logged on in its first 10 days."Sinc

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ITF Chapter 2 Flashcards | Quizlet

Posted: (9 days ago) Web 1. In your working papers, record the entry to establish the petty cash fund in a general journal, page 5. 2. Enter the information about the establishment of the petty cash fund on line 1 of a petty cash register, page 1. 3. Record the petty cash disbursements in the petty cash register. 4. Foot, total, and prove the petty cash register on ...

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Ch 6 LearnSmart Flashcards | Quizlet

Posted: (5 days ago) Web The petty cashier must present all paid receipts to the company cashier in order to replenish the fund d. A petty cash receipt is rarely prenumbered. e. A petty cash receipt is sometimes called a petty cash ticket ... They estimated that $200 would be needed in the fund. Demonstrate the correct journal entry to create the account by choosing ...

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accounting debits/ credits ch 4 Flashcards | Quizlet

Posted: (9 days ago) Web Journalize the following transactions completed during August of the current year. Use page 15 of a journal. The abbreviation for check is C. Transactions: Aug. 1. Paid cash to establish a petty cash fund, $200.00. C114. Aug. 31. Paid cash to replenish the petty cash fund,$145.00: supplies, $72.00; advertising,$40.00; miscellaneous expense, $33 ...

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ACC- CHAPTER 8 (111-140) Flashcards | Quizlet

Posted: (5 days ago) Web 124. Assume that the custodian of a $450 petty cash fund has $62.50 in coins and currency plus $382.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include: A. A debit to Cash for $377.50. B. A credit to Cash Over and Short for $5.00. C. A debit to Petty Cash for $382.50. D. A credit to Cash for $387.50. E.

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Join LiveJournal

Posted: (3 days ago) Web Password requirements: 6 to 30 characters long; ASCII characters only (characters found on a standard US keyboard); must contain at least 4 different symbols;

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MLB News, Expert Analysis, Rumors, Live Updates, and more

Posted: (3 days ago) Web Get breaking MLB Baseball News, our in-depth expert analysis, latest rumors and follow your favorite sports, leagues and teams with our live updates.

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Ch 5 Flashcards | Quizlet

Posted: (7 days ago) Web Prepare journal entries (in dollars and cents) to establish the fund on May 1, to replenish it on May 15 and on May 31, and to reflect any increase or decrease in the fund balance on May 16 and May 31. 2. Explain how the company’s financial statements are affected if the petty cash fund is not replenished and no entry is made on May 31.

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Ch. 4-6 Quizzes Flashcards | Quizlet

Posted: (7 days ago) Web Spencer Co. decides to establish a petty cash fund with a beginning balance of $200. The company decides that any purchase under $25 can be processed through petty cash instead of the voucher system. The journal entry to record establishing the account is: A. Cash 200 Petty cash 200 B. Cash 200 Cash over and short 200 C. Petty cash 200 …

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Success Essays - Assisting students with assignments online

Posted: (9 days ago) Web We care about the privacy of our clients and will never share your personal information with any third parties or persons.

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ACC 211 C9 Flashcards | Quizlet

Posted: (6 days ago) Web InBeat CD Shop established a petty cash fund for $100. 1. In your working papers, record the entry to establish the petty cash fund on page 6 of a general journal. 2. Record the entry for replenishing the petty cash fund on page 10 of the general journal. There was$5 cash in the petty cash fund box on February 28.

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Introduction to Ethiopian Government Accounting and Financial ...

Posted: (8 days ago) Web In a double-entry system, each debit to cash is matched by a credit to another account of an equal amount, and each credit to cash is matched by a debit to another account of an equal amount. Because each transaction is entered in the accounting records as debits and credits of equal amounts, the total debits in all account balances always ...

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PlayStation userbase "significantly larger" than Xbox even if every …

Posted: (3 days ago) Web Oct 12, 2022  · Microsoft has responded to a list of concerns regarding its ongoing $68bn attempt to buy Activision Blizzard, as raised by the UK's Competition and Markets Authority (CMA), and come up with an ...

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Chapter 4: Accounting Final Flashcards | Quizlet

Posted: (4 days ago) Web The loss on the cash sale of equipment was $2,100 (details in b). b. Sold equipment costing$51,000, with accumulated depreciation of $22,850, for$26,050 cash. c. Purchased equipment costing $113,250 by paying$43,250 cash and signing a long-term note payable for the balance. d. Borrowed $5,000 cash by signing a short-term note payable. e.

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1 - The Accountancy Profession Flashcards | Quizlet

Posted: (6 days ago) Web By the end of the month, employees made one expenditure from the petty cash fund (entertainment,$25) and three expenditures with the credit card (postage, $60; delivery,$85; supplies expense, $50). Record all employee expenditures, and record the entry to replenish the petty cash fund. The credit card balance will be paid later.

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Accounting Procedures Exam 1 Study Guide Flashcards | Quizlet

Posted: (6 days ago) Web Study with Quizlet and memorize flashcards containing terms like A decrease in owner's equity may result from a(n) A. Investment of cash in the business by the owner B. Withdrawal of cash in the business by the owner C. Purchase of office supplies for cash D. Revenue that is derived from sales of goods or services., Which phase of the accounting …

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IPSAS Finance Manual - United Nations

Posted: (6 days ago) Web 3.2.7 Petty Cash Fund (PCF) 3.2.7.1 Replenish or Establish Petty Cash Fund; 3.2.7.2 Outgoing Payment; ... 5.5 Journal Entry via BPC Web Portal; 5.6 Run Consolidation in BPC; Chapter 17 ...

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Accounting Applications MidTerm Exam- Chapters 1-5

Posted: (4 days ago) Web An adjusting entry is considered a(n) _____ type transaction. Other. Assets are: ... All of the choices are correct (Interest earned, Cash received from loans, Other income) ... General Journal 11th Edition Claudia Bienias Gilbertson, Debra Gentene, Mark W …

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