Chapter 1 Problem 3-12
Requirement 1
2008
Dec. 1 Petty cash fund 10,000
Cash in bank 10,000
20 Selling expenses 5,000
Miscellaneous expenses 2,000
Equipment 2,000
Cash in bank 9,000
31 Receivable from employee 2,000
Selling expenses 1,500
Transportation 500
Petty cash fund 4,000
2009
Jan. 1 Petty cash fund 4,000
Receivable from employee 2,000
Selling expenses 1,500
Transportation 500
32
2009
Jan. 15 No entry
31 Selling expenses 2,000
Administrative expenses 2,000
Transportation 1,500
Purchases 1,200
Cash in bank 6,700
Requirement 2
Petty cash 10,000
Less: Petty cash expenses from December 21, 2008 to January 31, 2009:
Selling expenses (1,500 + 500) 2,000
Administrative expenses 2,000
Transportation (500 + 1,000) 1,500
Purchases 1,200 6,700
Petty cash before replenishment 3,300
No comments:
Post a Comment