Respuesta :
Answer:
Dr.Office Supplies, $110; Dr. Merchandise inventory, $140; Dr. Miscellaneous expenses, $70; Cr. Cash over and short, $4; Cr. Cash, $316
Explanation:
The journal entries are shown below:
1. Petty cash A/c Dr $400
To Cash A/c $400
(Being petty cash fund established)
2. Office supplies A/c Dr $110
Merchandise inventory A/c Dr $140
Miscellaneous expense A/c Dr $70
To Cash over and short A/c Dr $4
To Cash A/c Dr $316
(Being disbursement of cash recorded)
Cash = $ 400
Office Supplies = $ 110
Merchandise inventory = $ 140
Other costs = $ 70
Remaining money = $ 4
What is the amount of cash before charging?
Answer = $ 400
Further explanation
Before Pelcher Co. refill the funds, the cash fund initially was $ 400. And after filling the total funds to $ 720 (including office supplies, merchandise inventory, and other costs). Then the funds that have been filled have an excess of cash of $ 4, then the total funds filled are $ 324 (office supplies + merchandise inventory + other costs + remaining money).
Cash is part of the assets arranged in the balance sheet which is located at the top. Because cash is a company's current assets that are ready to be liquidated at any time (liquid). Cash consists of coins, banknotes, checks, demand deposits and money in hand or money in the bank.
Kinds of Cash :
Petty Cash.
Petty cash is part of cash, that is, cash that is provided by companies to pay expenses that are relatively small and not economical when paid by check or demand deposit.
Cash in the Bank
Bank Cash is the amount of cash held at a bank that can be withdrawn at any time. Bank cash is money that a company holds in a bank.
Big Cash
Big cash is cash of large value companies that are deposited in banks. So this big cash is a relatively large amount of company money, this big cash is also stored in the bank.
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definition of companies cash https://brainly.com/question/13813008
remaining cash https://brainly.com/question/14019383
details
class: high school
subject: business
keywords: cash, supplies, cost
