Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. problem 3- petty cash (12 points) plenty co. estab

Problem 3- Petty Cash (12 points) Plenty Co. established a petty cash fund of $150...

80.2K

Verified Solution

Question

Accounting

image

Problem 3- Petty Cash (12 points) Plenty Co. established a petty cash fund of $150 on October 1. On October 10, the petty cash fund was replenished when there was $45 remaining and there were petty cash receipts for: office supplies, $49; transportation-in on inventory purchased, $32; and postage, $22. On October 15, the petty cash fund was decreased to $125 in total. Plenty Co. uses the perpetual inventory system. Record the above transactions in the general journal below. Date Description Dr Cr Ref

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

Q

Trying to make sure I'm answering these questions correctly. I'm confused on question d. I can...

Medical Sciences
Q

2. Given the following descriptive statistics, N=18 X bar = 11.5 S sub x = 2 a. find the...

Statistics
Q

Question 26 Enzymes function to O react with other enzymes to form a product O...

Biology
Q

53 Variation of magnitude of electric field intensity due to uniformly charged non conducting solid...

Physics
Q

Learning Goal I can solve right triangle problems using trigonometric ratios and the Pythagorean Theorem...

Geometry
Q

Find the future value of an ordinary annuity of 7 000 paid quarterly for 6...

Basic Math
Q

E10-5 (Algo) Finding Unknowns Using Return on Investment, Proflt Margin, Investment Turnover [LO 10-4] Krall...

Accounting
Q

Partners Owens and Wilson have a coin-operated laundry business in a retail shopping center. The...

Accounting
Q

1 pts Preferred stock for WSB Inc. is trading for $39.24 a share in the...

Accounting
Q

Troy Engines, Limited, manufactures a variety of engines for use in heavy equipment. The company...

Accounting
Q

56. Which of the following is a true statement? a.All costs are controllable at some...

Accounting
Q

Andrew believes he will receive a $15,000 bonus next year, and just calculated its present...

Finance