2024 – Brief Exercise 8 9 Your answer is correct On March 20 Dody s petty cash fund of 100
Strayer ACC100 Ch08 And 09 Homework 26565 – 2024
Brief Exercise 8-9
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Your answer is correct. |
On March 20, Dody’s petty cash fund of $100 is replenished when the fund contains $9 in cash and receipts for postage $52, freight-out $26, and travel expense $10.
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.)
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Date |
Account Titles and Explanation |
Debit |
Credit |
Brief Exercise 8-13
At July 31, Ramirez Company has the following bank information: cash balance per bank $7,420, outstanding checks $762, deposits in transit $1,620, and a bank service charge $20.
Determine the adjusted cash balance per bank at July 31.
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The adjusted cash balance per bank |
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$600,000 |
6 |
% |
$ |
90,000 |
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120,000 |
10 |
% |
$ |
Exercise 9-9
Colaw Stores accepts both its own and national credit cards. During the year, the following selected summary transactions occurred.
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Jan. 15 |
Made Colaw credit card sales totaling $18,000. (There were no balances prior to January 15.) |
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20 |
Made Visa credit card sales (service charge fee 2%) totaling $4,500. |
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Feb. 10 |
Collected $10,000 on Colaw credit card sales. |
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15 |
Added finance charges of 1.5% to Colaw credit card account balances. |
(a)
Journalize the transactions for Colaw Stores.(Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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Date |
Account Titles and Explanation |
Debit |
Credit |
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Jan. 15 |
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6 years ago
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