The petty cash fund of Fast and Furious' Bicycle Shop contains the following on August 31,2011:
-Coins and currency worth $200
-A $300 I.O.U. from Dustin, an employee, for cash advance
-A $250 check dated September 3, 2011 written by Rex, the Shop Manager, as payment for the Cash he borrowed
1. Prepare the journal entries to record the reimbursement of petty cash fund on
August 31, 2011. (Assume that any shortage will be charged to the account of
the petty cash custodian.)
2. Determine the amount of cash overage or shortage of the petty cash cashier.
3. If no reimbursement was requested on August, determine the correct balance of the Petty Cash Fund.
1. Prepare the journal entries to record the reimbursement of petty cash fund on
August 31, 2011. (Assume that any shortage will be charged to the account of
the petty cash custodian.)
Dr Accounts Receivable, Dustin 300
Dr Accounts Receivable, Rex 250
Dr Office Supplies Expense 70
Dr Food Expense 150
Dr Over/Short 10
Cr Cash 780
2. Determine the amount of cash overage or shortage of the petty cash cashier.
$10 Short. See above
3. If no reimbursement was requested on August, determine the correct balance of the Petty Cash Fund.
200 + 10 = $210
LOT promo cassettes JAZZ/NEW AGE Stanley JORDAN,Billy Joe WALKER,Avalon,EXCHANGE, Straight Game by Young D Boyz,1995 Cassette Tape - Vallejo G-Funk - RARE! ,
Pet Shop Boys - Actually, Cassette Album UK 1987 (TCPCSD 104), CASSETTE: ECHOBELLY On INDIE INDIEPOP, Celine Dion - Let's Talk About Love (Cassette, 1997), MERLE HAGGARD - GOING WHERE THE LONELY GO - RARE ORIGINAL CASSETTE TAPE, En Vogue Funky Divas (Cassette, Mar-1992, EastWest), BEATS INTERNATIONAL cassette EXCURSION ON THE VERSION+Let Them Eat Bingo FREE, ABC best of hits cassette ABSOLUTELY promo 1990 oop POISON ARROW nm+FREE tape UP, DANCEHALL MASSIVE TWO II 2 cassette REGGAE Shabba RANKS,Coco TEA,Bounty KILLER++, Quiet Riot - Winners Take All (Cassette 1990), Spread Eagle - Open To The Public (Cassette, 1993), Billy Sheehan - The Talas Years (Cassette, 1989), Tom Petty And The Heartbreakers - Into The Great Wide Open (Cassette, 1991), Elmo Saves Christmas by Sesame Street (Cassette, Sep-2002, Sony Music..., Document by R.E.M. (Cassette,), Into The Fire - Bryan Adams (Cassette 1990), CASSETTE: BACK IN BLACK - AC/DC -1980 - Atlantic 'Hell's Bells","Shake A Leg", CASSETTE: BEAUTIFUL PEOPLE Melanie Safka Buddah 1984 "Animal Crackers","Any Guy", Alibis - Lawrence, Tracy (Cassette 1993), Eric Darken - A Drummer Boy's Christmas - Cassette, KING A MUSICAL TESTIMONY RARE SEALED USA CASSETTE TAPE!, ROY ORBISON KING OF HEARTS ULTRA RARE AUSSIE CASSETTE TAPE!, CASSETTE: A COUNTRY COLLECTION - Anne Murray 1980 Capitol "Tennessee Waltz", CASSETTE: SITTIN ON TOP OF THE WORLD LeAnn Rimes 1998 Curb "Rock Me","Surrender", CASSETTE: ROPIN' THE WIND Garth Brooks Nov-2000 Capitol/EMI "Against The Grain", CASSETTE: EXTREMES Collin Raye 1994 Epic "That's My Story","If I Were You", CASSETTE: THE CHRISTMAS ALBUM Neil Diamond 2001 Columbia "Silent Night", CASSETTE: HOME TO YOU John Michael Montgomery 1999 Atlantic "Love Made Me Do It", CASSETTE: GREATEST HITS, Vol. 2 - Reba McEntire 1993 MCA "You Lie","Fancy", CASSETTE: TIME PIECES: Best of Eric Clapton 1990 Polydor "Cocaine","Promises", CASSETTE: D'LECTRIFIED - Clint Black 1999 RCA "When I Said I Do","Been There", CARLY SIMON - The Best Of Carly Simon - Cassette, GARTH BROOKS - Beyond The Season - Cassette, DJ SCREW VERY RARE Original Srew Tape Houston DJ Screw Road To Riches 1997, Funky Divas by En Vogue (Cassette(), TALAS Sink Your Teeth Into That 10-track Cassette Album 1982 Billy Sheehan RARE!, AJA - Steely Dan (Cassette), Compact Jazz: Benny Goodman by Benny Goodman (Casset..., BILLBOARD TOP COUNTRY HITS 1960 cassette RING OF FIRE,ACT NATURALLY,ABILENE oop, What a Way to Live by Mark Chesnutt = Cassette, A Drummer Boy's Christmas by Eric Darken (Cassette), Jerky Boys 3 by The Jerky Boys (Cassette), AEROSMITH DUTCH 1994 PROMO only CASSETTE STORY OF MINT, Jerky Boys 2 [PA] by The Jerky Boys (Cassette), Christmas at My House by Larry Carlton - Cassette, State of Emergency (Society in Crisis, Vol. 1) (NEW Cas, SELMA ULTRA RARE SEALED USA SOUNDTRACK CASSETTE TAPE! MARTIN LUTHER KING, Sprung- film sndtrk...parental advisory...new tape....$, Greatest Hits (1972-1979) - Aerosmith (Cassette 1993), Live In Australia - Elton John (Cassette 1990), Sentimental - Gifford, Kathie Lee (Cassette 1993), Suddenly (BMG) - Ocean, Billy Music Cassette Tape, Greatest Hits - Seals & Crofts (Cassette), Friends Can Be Lovers - Dionne Warwick (Cassette 1993), KING OF KINGS ULTRA RARE SEALED USA SOUNDTRACK CASSETTE TAPE! MIKLOS ROZSA, funky divas by en vogue (Cassette, march-1992, slash Records), OLLIE AUSTIN & EILEEN KING Silent Partners cassette, NAT KING COLE 20 Golden Hits cassette tape, KENNY ROGERS Country Collection cassette NEW,
?