Solved

Jules Company Requires a Petty Cash Balance of $250 You Inspect the Petty Cash Box and Find It Has

Question 133

Essay

Jules Company requires a petty cash balance of $250. The company's accountant provided you with the following information regarding payments made from the petty cash fund for the month of January.
\hlineOffice Expenses: January 5 Purchase cream and sugar for coffee station $63.00 January 11  Purchased floral arrangement for front office reception area 95.00 Delivery  Expense  January 18  Marketing proposal sent by express courier to client 36.00 Transportation-  In  January 26  Paid shipping bill for merchandise inventory purchased by Jules43.00\begin{array}{|l|l|c|}\hlineOffice~Expenses:\\\hline \text { January } 5 & \text { Purchase cream and sugar for coffee station } & \$ 63.00 \\\hline \text { January 11 } & \text { Purchased floral arrangement for front office reception area } & 95.00 \\\hline & & \\\hline \text { Delivery } & & \\ \text { Expense } & & \\\hline \text { January 18 } & \text { Marketing proposal sent by express courier to client } &36.00 \\\hline\\\hline \begin{array}{l}\text { Transportation- } \\\text { In }\end{array} & & \\\hline \text { January 26 } & \text { Paid shipping bill for merchandise inventory purchased by Jules} & 43.00 \\\hline\end{array} You inspect the petty cash box and find it has $3 left.
-Prepare the Petty Cash Payments Report for January.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents