Strayer ACC100 ch08 and 09 homework 26565
Advanced TutorQuestion
Brief Exercise 8-9
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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.)
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.
The adjusted cash balance per bank | $ | $600,000 | 6 | % | $ | 90,000 | 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.
Jan. 15 | Made Colaw credit card sales totaling $18,000. (There were no balances prior to January 15.) | |
20 | Made Visa credit card sales (service charge fee 2%) totaling $4,500. | |
Feb. 10 | Collected $10,000 on Colaw credit card sales. | |
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.)
Date | Account Titles and Explanation | Debit | Credit |
Jan. 15 |
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Jan. 20 |
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Feb. 10 |
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Feb. 15 |
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Exercise 9-10Elburn Supply Co. has the following transactions related to notes receivable during the last 2 months of 2014. The company does not make entries to accrue interest except at December 31.
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11 years ago
