Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. vaughn company maintains a petty cash fund for sma

Vaughn Company maintains a petty cash fund for small expenditures. These transactions occurred during the...

50.1K

Verified Solution

Question

Accounting

image
image
Vaughn Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210. these petty cash recelpts; frelght-out $92 entertainment experise $46.20, postage expense $41.20, and miscellaneous expense $25.90. 16 - Inerested the amerint of the petty cash fund to $310 by writing a check for $100.00 31 Replenished the petty cash fund by writing a check for $294.40. On this date, the fund consisted of $15.60 in cash and these petty cash receipts: postage expense $142.00, entertainment expense $96.10, and freight-out $54.60. Post to the Petty Cash account

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

Other questions asked by students

Q

A number of security devices can be placed at appropriate places in the network architecture to...

Programming
Q

Provide a description of the working principles of the following micro-actuators 1.) thermal forces 2.) shape-memory alloys 3.) piezoelectric 4.)...

Mechanical Engineering
Q

Do you believe they have changed policies without the presence of damaging stories in the media?...

Operations Management
Q

Choose the most appropriate statistic for measuring spread for the following data sets. a.) A medical survey...

Basic Math
Q

You are the financial analyst fir the firm named Sixties Wine that distributes California wine in Italy.Your...

Finance
Q

2 A coach wishes to show the relationship between the of fouls committed and the...

Statistics
Q

10 Using the distance formula and the points 0 1 3 4 what is the...

Calculus
Q

If 19 200 cm2 of material is available to make a box with a square...

Calculus
Q

A(n) sequence is a function whose domain is {1, 2, 3, ..., n}, where n...

Algebra
Q

3 Given f x and g x ln x 3 a What is the domain...

Algebra
Q

Venice Ghost Tours sells guided ghost-walks of the alleyways of Venice, Italy. Last month, they...

Accounting
Q

2019 2020 Ending Inventory: LIFO 120000 150000 Net Income: LIFO basis 175000 190000 Effective Tax...

Accounting