Halifax Fitness Consulting completed the following petty cash transactions during February 2020:
Feb. 2 Prepared a $4,860 cheque, cashed it, and gave the proceeds and the petty cash box to Nick Reed, the petty cashier.
Feb. 5 Purchased paper for the copier, $292.
Feb. 9 Paid $506 COD charges on merchandise purchased for resale. Assume Halifax Fitness Consulting uses the perpetual method to account for merchandise inventory.
Feb. 12 Paid $232 postage to express mail a contract to a client.
Feb. 14 Reimbursed Kim Marin, the manager of the business, $2,012 for business auto expenses.
Feb. 20 Purchased stationery, $889.
Feb. 23 Paid a courier $15 to deliver merchandise sold to a customer.
Feb. 25 Paid $25 COD charges on merchandise purchased for resale.
Feb. 28 Paid $30 for stamps.
Feb. 28 Reed sorted the petty cash receipts by accounts affected and exchanged them for a cheque to reimburse the fund for expenditures. However, there was only $14 in cash in the fund. In addition, the size of the petty cash fund was increased to $11,700.
Prepare a summary of petty cash payments.
If you want solutions of it, please submit your question with via submission form as digits may be different. We will complete it and provide you high quality solutions within or before the deadline
Author: Ask Assignment Help
We at Ask Assignment Help provide urgent assignment help, online homework help, online exam help, online coursework help and dissertation writing service for all the subjects to students around the World