On March 20, Garber\'s petty cash fund of $100 is replenished when the fund cont

Question

On March 20, Garber's petty cash fund of $100 is replenished when the fund contains $22 in cash and receipts for postage $33, supplies $29, and travel expense $16. Prepare the journal entry to record the replenishment of the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Sally Rice is unable to reconcile the bank balance at January 31. Sally's reconciliation is shown here. What is the proper adjusted cash balance per bank The proper adjusted cash balance per bank? What is the proper adjusted cash balance per books The proper adjusted cash balance per books? Prepare the adjusting journal entries necessary to determine the adjusted cash balance per books. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) At April 30, the bank reconciliation of Longacre Company shows three outstanding checks: No. 254 $671, No. 255 $1,022, and No. 257 $434. The May bank statement and the May cash payments journal are given here. List the outstanding checks at May 31. During October, Wichita Light Company experiences the following transactions in establishing a petty cash fund. Journalize the entries in October that pertain to the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Explanation / Answer

1) Journal entry for replenishment will be

Replenishment amount = 100

amount already in petty cash = 22

difference to be replenished = 100 - 22 ,= 78

Date Particulars Debit Credit Petty Cash 78 To cash 78

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