Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. adam's dance studio created a $250 imprest petty c

Adam's Dance Studio created a $250 imprest petty cash fund. During the month, the fund...

80.2K

Verified Solution

Question

Accounting

Adam's Dance Studio created a $250 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:
(Click the icon to view the petty cash tickets.)
Read the requirements.
Requirement 1. Make the general journal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.)
Make the general journal entry to create the petty cash fund. Include an explanation.
Make the general journal entry to record the petty cash fund replenishment. Cash in the fund totals $31. Include an explanation.
Assume that Adam's Dance Studio decides to decrease the petty cash fund to $120. Make the general journal entry to record this decrease.
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Accounting
1.2K views

On January 1, 2014, Garfield Corp. (lessor) entered into anoncancellable lease agreement with Odie...

Chemistry
1.2K views

(1a) Explain what happens in Oxidation AND Reduction electrochemical reactions. (1b) What happens to the ions formed...

Basic Math
1.2K views

Evaluate the following expressions a 77 13244 5 b 16 x 18 6 12

Statistics
1.2K views

You roll two 3 sided dice and record the results Find the odds in favor...

Calculus
1.2K views

Find all solutions to 2 sin 0 2 on the interval 0 0 2 0...

Calculus
1.2K views

Divide in the indicated base 35 2315 5 R 15

Accounting
1.2K views

On July 1, 2021, Truman Company acquired a 70 percent interest in Atlanta Company in...

Accounting
1.2K views

The following information is available for Barnes Company for the fiscal year ended December 31:...

Accounting
1.2K views

The adjusted trial balance for Tybalt Construction as of December 31, 2017, follows. Credit Debit...

Accounting
1.2K views

Trez Company began operations this year. During this year, the company produced 100,000 units and...

Finance
1.2K views

Bellwood Corp. is comparing two different capital structures. Plan I would result in 28,000 shares...

Accounting
1.2K views

Present and future value tables of $1 at 9% are presented below. ...