Wk+8+Assignment+_June+2010

Wk+8+Assignment+_June+2010 - Week 8 Assignment Inoke...

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Week 8 Assignment Inoke Gallery had the following petty cash transactions in February of the current year: Feb. 2 Wrote a $250 check, cashed it, and gave the proceeds and the petty cashbox to Bo Brown, the petty cashier. 5 Purchased bond paper for the copier for $11.48 that is immediately used 9 Paid $19.50 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. Metro uses the perpetual system to account for merchandise inventory. 12 Paid $13.95 postage to express mail a contract to a client. 14 Reimbursed Alli Buck, the manager, $43 for business mileage on her car. 20 Purchased stationery for $67.86 that is immediately used. 23 Paid a courier $16 to deliver merchandise sold to a customer, terms FOB destination. 25 Paid $19.80 COD shipping charges on merchandise purchased for resale, terms FOB shipping point. 27 Paid $52 for postage expenses. 28 The fund had $1.41 remaining in the petty cash box. Sorted the petty cash receipts by accou affected and exchanged them for a check to reimburse the fund for expenditures. 28 The fund amount is increased to $400.
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This note was uploaded on 09/09/2010 for the course ACCOUNTING 2345 taught by Professor Dr.ijueh during the Spring '10 term at twsu.edu.

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Wk+8+Assignment+_June+2010 - Week 8 Assignment Inoke...

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