50.1K

Verified Solution

Link Copied!

Need help completing..

Part 1 of 2 10 points Book Print 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: al established the fund by cashing a check from HHC for $270 made payable to me. b. Tom Canuck provided a $82 receipt for repairs to the club's computer, so I paid $82 cash to him. c Kim Harra provided a receipt for $62 for various supplies the planned to use to decorate the arena later this year. I paid $62 cash to her of Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $92 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 $236, placing the cash into a locked cash box Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $137 cash to her g. Destiny Hook provided a phone bill showing she had paid $42 for telephone calls made to contact referees for the annual tournament. I paid her $42 cash. h Gutty McTavish submitted a receipt for $47 r 47 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 $179, placing the cash into the locked cash box 9 Required: 1. Prepare journal entries where required. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Part 1 of 2 View transaction list View journal entry worksheet No General Journal Debit Credit 270 1 Petty Cash Cash 2 No Journal Entry Required 3 No Journal Entry Required 4 No Journal Entry Required 5 Repairs and Maintenance Expense 82 Supplies 62 92 Equipment Cash 10 points Bock Prin / N N N Transaction b C d . 270 236 Chapter 5 Homework 9 Part 1 of 2 10 porm Print Required information d . " 4 7 5 7 6 7 NN 8 79 f 9 h L WE LINKE No Journal Entry Required Repairs and Maintenance Expense Supplies Equipment Cash No Journal Entry Required No Journal Entry Required No Journal Entry Required Supplies Cash Seved 82 62 92 137 235 179 Help Save & Exit Submit Check my work 10 Part 2 of 2 10 poms paid nim 32 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 $236, placing the cash into a locked cash box Wendy Wignes provided receipts for supplies purchased for the club's office for use next month. I paid $137 cash to her g. Destiny Hook provided a phone bill showing she had paid $42 for telephone calls made to contact referees for the annual tournament. I paid her $42 cash. h Gutty McTavish submitted a receipt for $47 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 $179, placing the cash into the locked cash box Book PA5-4 (Algo) Part 2 Prie 2 if HHC has $1,600 cash, $600 of government Treasury bills purchased four months ago, $870 of cash set aside for its workers' compensation insurance, how much will the company report on the balance sheet as "Cash and Cash Equivalents"? Cash and Cash Equivalents Check my work

Answer & Explanation Solved by verified expert

See Answer