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Record transactions in general journal form (petty cash fund)
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Hello, everyone. The finals are coming up in two weeks and there is one assignment I'm not sure if I did it right. Would be awsome if anyone could help me. A company established a petty cash fund of $100 on August 1. On August 12, the petty cash fund was replenished when there was $16...
Record the following transactions of a company in general journal form:
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Prepare general journal entries to record these transactions
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Prepare journal entries to record the following transactions
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(a) On June 1, 2010, XYZ, Inc. issued $600,000, 6% bonds for $587,640, which includes accrued interest. Interest is payable semiannually on February 1 and August 1 with the bonds maturing on February 1, 2020. The bonds are callable at 102. (b) On August 1, 2010, XYZ paid interest on the bonds and...
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Prepare the Journal Entries for Mr. Kamote a businessman in Nairobi began a business on 1st January 2010 with cash in hand Ksh. 450,000 and cash at bank Ksh. 1,000,000. The following transactions took place during the month: 2nd January 2010 -Purchased goods for cash Ksh. 75,000 8th January... View more questions Search Add your answer here.
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