Multiple ChoiceA debit to Petty Cash of $91.A credit to Cash of $237.25.A credit to Office Supplies Expense of $75.A debit to Transportation-In of $91.A credit to Cash Over and Short of $12.25. Childers Company, which uses a perpetual Inventory system, has an established petty cash fund in the amount of $500. The fund was lastreimbursed on November 30. At the end of December, the fund contained the following petty cash receipts:December 4December 7December 12December 18Merchandise purchased$51Delivery expense$75Purchase of office suppliesMiscellaneous expense$40$59If, in addition to these receipts, the petty cash fund contains $262.75 of cash, the journal entry to reimburse the fund on December 31 will include:Multiple ChoiceOA debit to Petty Cash of $91.ОA credit to Cash of $237.25.OA credit to Office Supplies Expense of $75.A debit to Transportation-In of $91.

Determining the Correct Journal Entry for the NSF CheckScenario:• A customer's check for $237.25 is…

Answered: Multiple Choice A debit to Petty Cash…

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.7C

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A $144 petty cash fund has cash of $24 and receipts of $109. The journal entry to replenish the account would include a Oa. credit to Petty Cash for $109. Ob. credit to Cash for $144. Oc. debit to Cash for $24. Od. debit to Cash Short and Over for $11. Previous Next
Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4 Freight charge for merchandise purchased December 7 Delivery charge for shipping to customer December 12 Purchase of office supplies December 18 Donation to charitable organization If, in addition to these receipts, the petty cash fund contains $279.75 of cash, the journal entry to reimburse the fund on December 31 will include: Multiple Choice factura A credit to Cash Over and Short of $11.25 A debit to Transportation-in of $83. $47 $71 $36 $55 A debit to Petty Cash of 583
A $180 petty cash fund has cash of $15 and receipts of $180. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. a-debit to Cash for $15 b-credit to Cash Short and Over for $15 c-credit to Petty Cash for $180 d-credit to Cash for $180
A $54 petty cash fund has cash of $19 and receipts of $24. The journal entry to replenish the account would include a a.credit to Petty Cash for $24. b.debit to Cash Short and Over for $11. c.credit to Cash for $54. d.debit to Cash for $19.
A $121 petty cash fund has cash of $19 and receipts of $99. The journal entry to replenish the account would include a a.credit to Cash for $121. b.debit to Cash Short and Over for $3. c.credit to Petty Cash for $99. d.debit to Cash for $19.
A $115 petty cash fund has cash of $22 and receipts of $83. The journal entry to replenish the account would include a a.debit to Cash for $22. b.credit to Petty Cash for $83. c.credit to Cash for $115. d.debit to Cash Short and Over for $10.
A $180 petty cash fund has cash of $20 and receipts of $146. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. credit to Cash for $180 debit to Cash for $20 debit to Cash Short and Over for $14 credit to Petty Cash for $146
A $114 petty cash fund has cash of $16 and receipts of $91. The journal entry to replenish the account would include a a. credit to Petty Cash for $91 b. credit to Cash for $114 c. debit to Cash for $16 d. debit to Cash Short and Over for $7
A $130 petty cash fund has cash of $16 and receipts of $101. The journal entry to replenish the account would include a Oa. credit to Petty Cash for $101 Ob. credit to Cash for $130 Oc. debit to Cash Short and Over for $13 Od. debit to Cash for $16
A $100 petty cash fund has cash of $15 and receipts of $86. The journal entry to replenish the account would include a Select one: a. credit to Cash Over and Short for $3. b. credit to Cash for $86. C. credit to Petty Cash for $1. d. The answer does not exist e. debit to Cash for $86. Next page
A $100 petty cash fund has cash of $9 and receipts of $85. The journal entry to replenish the account would include a credit to Select one: a. Petty Cash for $85. b. Cash for $91. C. Cash Over and Short for $6. d. Cash for S85.
A $81 petty cash fund has cash of $25 and receipts of $59. Which of the following would be part of the journal entry to replenish the account? Select the correct answer. debit to Cash for $25 credit to Cash Short and Over for $3 credit to Petty Cash for $59 credit to Cash for $81

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