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zreel11

Business Finance

Description

There are 3 problems, please solve each separately.

problem 8-4B is one question but it is 2 pages.

Thank you alot

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Explanation & Answer

Attached.

Running Head: Assignment

1

Assignment
Institutional Affiliation
Date

Assignment
Petty cash

2
100

Cash

100

Freight out

51

Postage expenses

20.5

Entertainment expense

23.1

Miscellaneous expense

4.1

Cash

96.9

Freight out

43.5

Postage expenses

20

Entertainment expense

20.1

Miscellaneous expense

12.3

Cash

95.9

Freight out

40.2

Postage expenses

21

Entertainment expense

14

Miscellaneous expense

19.8

Cash
Petty cash

98
150

cash

150

Freight out

74

Entertainment expense

43.2

Postage expenses

17.7

Cash over and short

2.1

Assignment

3

Cash

Date

134.9

Total

Freight out

Postage

Entertainment Miscellaneous Other
expense

expense

15th July

96.9

51

20.5

23.1

4.1

31st July

95.9

43.5

20

20.1

12.3

Aug 15th

98

40.2

14

21

19.8

Aug 31st

137

74

17.7

43.2

______

2.1

Total

208.7

72.2

107.4

36.2

2.1

Petty cash on hand = 425.7
Petty cash fund = 150
Cash short or over 2.1

Assignment

4
References

1.

Edmonds, T. P., McNair, F. M., Olds, P. R., & Milam, E. E. (2011). Fundamental
financial accoun...


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