# Shared Flashcard Set

## Details

Unit 4
N/a
30
Accounting
01/02/2012

Term
 \$1,474.00
Definition
 In Scenario 4.01 B, calculate the adjusted checkbook balance.
Term
 Debit Miscellaneous Expense \$4.50, Credit Cash \$4.50
Definition
 In Scenario 4.01 D, what is the journal entry to record the bank service charge?
Term
 No, the adjusted checkbook balance is \$140.50 too low.
Definition
 In Scenario 4.01 F, does the bank statement reconcile?
Term
Definition
 In Scenario 4.01 G, does the bank statement reconcile?
Term
 No, the adjusted checkbook balance is \$12.25 too high.
Definition
 In Scenario 4.01 H, assuming that the bank balance is correct, does the bank statement reconcile?
Term
 Debit Accounts Receivable-Davie Company \$150.00, Credit Cash \$150.00
Definition
 On December 23, Wake Incorporated received notice from the bank of a dishonored check from Davie Company in the amount of \$125.00. The bank charged a service fee of \$25.00. What is the correct journal entry for Wake Incorporated to record the dishonored check?
Term
 \$3,870.00
Definition
 In Scenario 4.01 D, what is the adjusted checkbook balance?
Term
 \$4,010.00
Definition
 In Scenario 4.01 F, what is the adjusted bank balance?
Term
 \$4,525.00
Definition
 Assuming that the bank statement balance is correct, what is the correct Cash account balance on October 31?
Term
 \$1,452.00
Definition
 In Scenario 4.01 H, calculate the adjusted bank balance.
Term
 Debit Miscellaneous Expense \$3.00; credit Cash \$3.00
Definition
 In Scenario 4.01 B, what is the journal entry to record the bank service charge?
Term
 \$1,330.00
Definition
 In Scenario 4.01 G, calculate the adjusted bank balance
Term
 \$2,345.00
Definition
 Assuming that the bank statement balance is correct, what is the correct Cash account balance on March 31?
Term
 Debit Accounts Receivable-Hickory Hosiery \$80.00; credit Cash \$80.00
Definition
 On April 16, Caldwell Company received notice from the bank of a dishonored check from Hickory Hosiery in the amount of \$55.00. The bank charged a service fee of \$25.00. What is the correct journal entry for Caldwell Company to record the dishonored check?
Term
 Debit Accounts Receivable-Wilkes Company \$225.00; credit Cash \$225.00
Definition
 On February 14, Watauga Enterprises received notice from the bank of a dishonored check from Wilkes Company in the amount of \$200.00. The bank charged a service fee of \$25.00. What is the correct journal entry for Watauga Enterprises to record the dishonored check?
Term
 Debit Petty Cash \$500 and credit Cash \$500
Definition
 Michael wants to establish a \$500 petty cash fund for his business. He has requested a check for \$500. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$45, debit Supplies \$25 and credit Cash \$70
Definition
 Mary wants to replenish the \$200 petty cash fund. She has receipts for the following total payments: supplies, \$25; and repairs, \$45. A cash count shows \$130 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Office Expense \$27, debit Supplies \$36 and credit Cash \$63
Definition
 David wants to replenish the \$150 petty cash fund. He has receipts for the following total payments: supplies, \$36; and postage (Office Expense), \$27. A cash count shows \$87 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$15, debit Supplies \$35 and credit Cash \$50
Definition
 Scott wants to replenish the \$225 petty cash fund. He has receipts for the following total payments: supplies, \$35; and repairs, \$15. A cash count shows \$175 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Petty Cash \$250 and credit Cash \$250
Definition
 Claire wants to establish a \$250 petty cash fund for her business. She requested a check for \$250. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$95, debit Office Expense \$35, debit Supplies \$25, and credit cash \$140, credit Cash Short and Over \$15
Definition
 Timothy wants to replenish the \$300 petty cash fund. He has receipts for the following total payments: postage (Office Expense), \$35; supplies, \$25; and repairs, \$95. A cash count shows \$160 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$45, debit Supplies \$25, debit Office Expense \$40 and debit Cash Short and Over \$15, and credit Cash \$125
Definition
 Michelle wants to replenish the \$300 petty cash fund. She has receipts for the following total payments: postage (Office Expense), \$40; supplies, \$25; and repairs, \$45. A cash count shows \$175 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$35, debit Supplies \$55, debit Cash Short and Over \$15, and credit Cash \$105
Definition
 Emily wants to replenish the \$300 petty cash fund. She has receipts for the following total payments: supplies, \$55; and repairs, \$35. A cash count shows \$195 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$32, debit Supplies \$18, debit Cash Short and Over \$5, and credit Cash \$55
Definition
 Steve wants to replenish the \$200 petty cash fund. He has receipts for the following total payments: supplies, \$18; and repairs, \$32. A cash count shows \$145 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$76, debit Office Expense \$34, debit Cash Short and Over \$40, and credit Cash \$150
Definition
 Daniel wants to replenish the \$250 petty cash fund. He has receipts for the following total payments: postage, \$34; and repairs, \$76. A cash count shows \$100 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$43, debit Supplies \$75, and credit cash \$110, credit Cash Short and Over \$8
Definition
 Joseph wants to replenish the \$150 petty cash fund. He has receipts for the following total payments: supplies, \$75; and repairs, \$43. A cash count shows \$40 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 Debit Repair Expense \$55, debit Supplies \$85, and credit Cash \$125, credit Cash Short and Over \$15
Definition
 Jessica wants to replenish the \$200 petty cash fund. She has receipts for the following total payments: supplies, \$85; and repairs, \$55. A cash count shows \$75 in the petty cash box. What is the correct journal entry to record the transaction?
Term
 \$26.35
Definition
 In FIGURE 4.03 C, what is the Social Security withholding for Sally?
Term
 \$173.25
Definition
 Matt has gross earnings of \$300.00 and total deductions of \$126.75. What is Matt's net pay?
Term
 40 Regular Hours, 8 Overtime Hours, and 48 Total Hours
Definition
 Brandon worked 7 hours on Monday, 8 hours on Tuesday, 10 hours on Wednesday, 9 hours on Thursday, 10 hours on Friday, and 4 hours on Saturday. Brandon's rate of pay is \$12 per hour. Calculate Brandon's regular, overtime and total hours for the week.
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