© 2000 South-Western Educational Publishing ESTABLISHING A PETTY CASH FUND August 17. Paid cash to establish a petty cash fund, $200.00. Check No. 8. 1.Which.

Slides:

Advertisements

Similar presentations

Accounting I Chapter 10 - Journalizing Purchases & Cash Payments.

Advertisements

© 2014 Cengage Learning. All Rights Reserved.

Learning Objectives © 2014 Cengage Learning. All Rights Reserved. LO9 Establish a petty cash fund. LO10 Prepare a petty cash report. LO11 Replenish a petty.

© 2000 South-Western Educational Publishing RECEIVED CASH FROM SALES Lesson 4-3, page 76 August 12. Received cash from sales, $ Tape No Which.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 1-1 Using Accounting Principles and Records.

Chapter 5, Section 4 Petty Cash

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-1 Checking Accounts.

© 2000 South-Western Educational Publishing THE ACCOUNTING EQUATION Lesson 1-1, page 7.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-4 Petty Cash.

JOURNALIZING CASH RECEIPTS ON ACCOUNT WITH SALES DISCOUNTS

Posting from a General Journal to a General Ledger Accounting I Chapter 4, Section 3.

Review: What is the left side of the Accounting Equation called? Assets What is the right side of the Accounting Equation called? Equities: Liabilities.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-4 Petty Cash Create a Petty Cash Account Prepare Petty Cash Slips Replenish Petty Cash and create.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-4 Petty Cash.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-4 Petty Cash.

LESSON 5-4 Petty Cash. TERMS Petty cash: an amount of cash kept on hand (in cash box) and used for making small payments Maximum amount differs between.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-4 Petty Cash.

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-4 Petty Cash Def. – an amount of cash kept on hand and used for making small payments Purpose –

CENTURY 21 ACCOUNTING © Thomson/South-Western LESSON 5-4 Petty Cash Original created by M.C. McLaughlin, Thomson/South-Western Modified by Deborah L. Burns,

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-4 Petty Cash.

© 2000 South-Western Educational Publishing CASH PAYMENT ON ACCOUNT Write the check number. 1. Write the date. 4.Write the debit amount. 2.Write.

© South-Western Educational Publishing RECEIVED CASH FROM SALES Lesson 3-3, page 51 August 12. Received cash from sales, $ Cash.

© 2000 South-Western Educational Publishing JOURNAL PAGE WITH POSTING COMPLETED Lesson 5-4, page 112.

© 2000 South-Western Educational Publishing PAID CASH FOR INSURANCE Lesson 4-2, page 72 August 4. Paid cash for insurance, $1, Check No Which.

© 2000 South-Western Educational Publishing BANK STATEMENT Lesson 6-2, page 131.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 2-1 Using T Accounts.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning Chapter 2 Objectives: Define accounting terms related to analyzing transactions into debit.

CENTURY 21 ACCOUNTING © Thomson/South-Western 1 LESSON 2-1 ANALYZING THE ACCOUNTING EQUATION - Using T Accounts page 28.

© 2000 South-Western Educational Publishing RECORDING A DISHONORED CHECK ON A CHECK STUB Calculate and record the new subtotal. 1. Write Dishonored.

© South-Western Educational Publishing ESTABLISHING A PETTY CASH FUND August 17. Paid cash to establish a petty cash fund, $ Check No Which.

© South-Western Educational Publishing FORM 8109, FEDERAL DEPOSIT COUPON Lesson 14-4, page 355.

© South-Western Educational Publishing PAYROLL REGISTER Lesson 14-1, page 340.

© South-Western Educational Publishing CASH RECEIPTS JOURNAL Lesson 11-2, page 259.

© 2000 South-Western Educational Publishing A FIVE-COLUMN JOURNAL Using a Journal To help save time and become more efficient, businesses use a Special.

CENTURY 21 ACCOUNTING © 2009 South-Western, Cengage Learning LESSON 5-4 Petty Cash.

Chapter 6 – Cash Control Systems

RECEIVED CASH FROM SALES

LESSON 5-4 5/29/2018 LESSON 5-4 Petty Cash GREEN.

© 2014 Cengage Learning. All Rights Reserved.

RECORDING A DISHONORED CHECK ON A CHECK STUB

RECORDING A DISHONORED CHECK ON A CHECK STUB

© 2014 Cengage Learning. All Rights Reserved.

Chapter 11 & 22, Section 4 Petty Cash

STOCKHOLDERS’ EQUITY ACCOUNTS USED BY A CORPORATION

FORM 8109, FEDERAL DEPOSIT COUPON

RECORDING THE BUYING OF A PLANT ASSET

© 2014 Cengage Learning. All Rights Reserved.

Lesson 14-1 PAYROLL REGISTER Lesson 14-1, page 332.

LESSON 5-4 1/2/2019 LESSON 5-4 Petty Cash Blue.

LESSON 5-4 1/2/2019 LESSON 5-4 Petty Cash GREEN.

EXPANDED JOURNAL Lesson 10-1, page 229.

LESSON 2-1 Using T Accounts

© 2014 Cengage Learning. All Rights Reserved.

© 2014 Cengage Learning. All Rights Reserved.

Chapter 5 – Posting to a General Ledger

Analyzing Transactions into Debit and Credit Parts

LESSON 2-1 Using T Accounts

LESSON 5-4 4/14/2019 LESSON 5-4 Petty Cash GREEN.

LO9 Establish a petty cash fund. LO10 Prepare a petty cash report.

LESSON 5-4 4/10/2019 LESSON 5-4 Petty Cash Blue.

Chapter 6 Cash Control System.

LESSON 2-1 Using T Accounts

© 2014 Cengage Learning. All Rights Reserved.

SIGNING A NOTE PAYABLE  

LESSON 2-1 Using T Accounts

PETTY CASH REPORT Date and Custodian Name

JOURNALIZING CASH PAYMENTS FOR EXPENSES

LESSON 2-1 Using T Accounts

CASH PAYMENT TO REPLENISH PETTY CASH

PAID CASH FOR INSURANCE

Presentation transcript:

© 2000 South-Western Educational Publishing ESTABLISHING A PETTY CASH FUND August 17. Paid cash to establish a petty cash fund, $ Check No Which accounts are affected? Petty Cash Cash 4.How is each amount entered in the accounts? Assets increase on the debit side. Assets decrease on the credit side. 3.How is each classification changed? Assets are increased. Assets are decreased. 2.How is each account classified? Petty Cash is an asset account. Cash is an asset account. Cash Petty Cash Debit Normal Balance Debit Normal Balance   Lesson 6-4, page 141

© 2000 South-Western Educational Publishing ESTABLISHING A PETTY CASH FUND 2.Debit Petty Cash. 3.Credit Cash. 1. Write the date. 4.Write the source document number Lesson 6-4, page 141

© 2000 South-Western Educational Publishing MAKING PAYMENTS FROM A PETTY CASH FUND WITH A PETTY CASH SLIP Lesson 6-4, page 142

© 2000 South-Western Educational Publishing REPLENISHING PETTY CASH 2.Debit Miscellaneous Expense and Advertising Expense. 3.Credit Cash. 1. Write the date. 4.Write the source document number Lesson 6-4, page 143

© 2000 South-Western Educational Publishing T ERMS REVIEW petty cash petty cash slip Lesson 6-4, page 144