Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. swifty company designated jill holland as petty ca

Swifty Company designated Jill Holland as petty cash custodian and established a petty cash fund...

50.1K

Verified Solution

Question

Accounting

image
Swifty Company designated Jill Holland as petty cash custodian and established a petty cash fund of \$168. The fund is reimbursed when the cash in the fund is at $14, which it is. Petty cash receipts indicate funds were disbursed for office supplies $77 and miscellaneous expense $72. Prepare journal entries for the establishment of the fund and the reimbursement. (ff no entry is required, select "No Entry for the account titles and enter 0 for the amounts. Crealit occount tities are automaticolly indented when the omount is entered. Do not indent monually List alf deblt entries before credit entries)

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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Respond to the following in a minimum of 175 words:What is activity-based costing? What...

Accounting
Q

You want to buy a new sports car for $50,000. The contract is in the form...

Finance
Q

Hello this question is for my physics homework \"display knowledge of static and kinetic coefficients of friction, and...

Physics
Q

Suppose that the velocity v t in meters per second of a sky diver falling...

Basic Math
Q

Sequences and Functions Question 10 In a geometric sequence the ratio of any term divided...

Basic Math
Q

how to tell the difference between an asset and a liability

Accounting
Q

help me solve this, please and thank you.

Accounting
Q

At January 1, 2015, Alligator Industries reported retained earnings of $150,000. During 2015, Alligator had...

Accounting
Q

SPORTS UNLIMITED Balance Sheets For the Years...

Accounting
Q

A company uses a perpetual Inventory system and reports purchases and Complete this question by...

Accounting
Q

19 Island Novelties, Inc. of Palau makes two products-Hawn Fantasy and Tahitian Joy Esch products...

Accounting
Q

What is the process of planning to invest in long-term assets in a way that...

Accounting