Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty...

50.1K

Verified Solution

Question

Accounting

Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months:
image
image
image
image
image
image
image
image
image
image
Required information The following information applies to the questions displayed below Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: a. I established the fund by cashing a check from HHC for $310 made payable to me b. Tom Canuck provided a $90 receipt for repairs to the club's computer, so I paid $90 cash to him. c. Kim Harra provided a receipt for $70 for various supplies she planned to use to decorate the arena later this year. I paid $70 cash to her d. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I e. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a check from HHC for $260, placing the cash into a locked cash box. f Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $145 cash to her g. Destiny Hook provided a phone bill showing she had paid $50 for telephone calls made to contact referees for the annual tournament. I paid her $50 cash. h. Gutty McTavish submitted a receipt for $55 for a haircut he received. I did not pay him. On the last day of the month, I received and cashed a check from HHC for $195, placing the cash into the locked cash

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