Cash Over & Short is 4.3 and Cash 130.6. However, I am still...
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Accounting
Cash Over & Short is 4.3 and Cash 130.6.
However, I am still stuck on petty cash and cash. I got 180.6 but it is incorrect. Need some majorhelp!!!
During October, Guiding Light Company experiences the following transactions in establishing a petty cash fund Oct. 1 A petty cash fund is established with a check for $150 issued to the petty cash custodian A count of the petty cash fund disclosed the following items: 31 Currency Coins Expenditure receipts (vouchers): $19.00 0.40 $28.10 16.40 75.00 6.80 A check was written to reimburse the fund and increase the fund to $200 Office supplies Telephone, Internet, and fax Postage Freight-out 31 Journalize the entries in October that pertain to the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Enter answers to 2 decimal places, e.g. 25.20. Record entries in the order displayed in the problem statement.) Date Account Titles and Explanation Debit Credit Oct. 1 Petty Cash 150 Cash 150 31 Supplies 28.1 Miscellaneous Expense 16.4 Postage Expense 75 Freight-Out 6.8 Cash Over and Short Cash (To replenish petty cash fund) 31 Petty Cash cash
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Cash Over & Short is 4.3 and Cash 130.6.
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