Accounting Homework
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week_5_7-7.pdf
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Print by: Alfear Holmes ACC557065VA016-1146-001: Financial Accounting / Week 5 Homework: Chapter 07
*Exercise 7-7 LaSalle Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1 and July 1 with the following results.
June 1: Cash in fund $1.75.
Receipts: delivery expense $31.25; postage expense $41; and miscellaneous expense $25.
July 1: Cash in fund $3.25.
Receipts: delivery expense $21; entertainment expense $51; and miscellaneous expense $24.75.
On July 10, LaSalle increased the fund from $100 to $150.00.
Prepare journal entries for LaSalle Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date Account Titles and Explanation Debit Credit
May 1
June 1
July 1
July 10
Copyright © 2000-2014 by John Wiley & Sons, Inc. or related companies. All rights reserved.
Page 1 of 1Exercise 7-7
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Exercise 7-7
Accounts Payable Accounts Receivable Accumulated Depreciation-Buildings Accumulated Depreciation-Equipment Buildings Cash Cash Over and Short Charitable Contribution Expense Cost of Goods Sold Delivery Expense Depreciation Expense Entertainment Expense Freight-in Freight-out Insurance Expense Interest Receivable Interest Revenue Inventory Land Maintenance and Repairs Expense Miscellaneous Expense Notes Payable Notes Receivable Petty Cash Postage Expense Prepaid Insurance Salaries and Wages Expense Salaries and Wages Payable Sales Discounts Sales Returns and Allowances Sales Revenue Supplies Supplies Expense Travel Expense
Copyright © 2000-2014 by John Wiley & Sons, Inc. or related companies. All rights reserved.
List Of Accounts CLOSE
Page 1 of 1Exercise 7-7. List Of Accounts
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