Finding something? Use this search bar!

Friday, August 6, 2010

Valix Finacc vol 1 Problem 3-11

Financial Accounting Volume 1 2008 Valix-Peralta
Chapter 1 Problem 3-11


2008
Nov.  2     Petty cash fund                                                                   10,000
                        Cash in bank                                                                                10,000

        30      Postage                                                                                2,000
                 Supplies                                                                                5,000
                 Petty cash fund                                                                  10,000
                        Cash in bank                                                                                17,000

Dec. 31    Postage                                                                               3,000
                Supplies                                                                                4,000
                Special deposit                                                                    2,000
                        Petty cash fund                                                                             9,000
                                                                                                                                                                               
2009
Jan.   1    Petty cash fund                                                                     9,000
                        Postage                                                                                         3,000
                        Supplies                                                                                         4,000
                        Special deposit                                                                              2,000

         2    No entry

       31    Postage                                                                                5,000
               Supplies                                                                                6,000
               Accounts payable                                                                7,000
               Cash short or over                                                                1,000
                                    Cash in bank                                                                               19,000

No comments:

Post a Comment