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A motel has established a petty cash fund of $100 that is controlled by the day shift desk clerk. During October, the following disbursements supported by receipts or memoranda were made from the...

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A motel has established a petty cash fund of $100 that is controlled by the day shift desk clerk. During October, the following disbursements supported by receipts or memoranda were made from the fund. Calculate the amount of the reimbursement check to the fund at the end of October 2003.

October 2

$13.51

flowers for a VIP guest

2

4.30

postage stamps

5

15.28

cleaning supplies

7

7.11

freight on delivery of linen

8

1.58

office supplies

15

11.50

postage stamps

16

5.00

refund to guest

20

12.00

replacement light bulbs

22

0.48

postage due

28

3.75

cutting new keys

31

6.45

gas for the lawnmower

In the same establishment, the following disbursements were made from the petty cash fund in November 2003:

November 1

$ 3.07

office supplies

4

14.20

flowers for lobby

7

1.30

office supplies

7

12.00

casual wages to cut the lawn

10

0.32

postage due

13

11.50

postage stamps

14

4.60

COD parcel for owner

18

11.00

taxi cost for owner

21

3.26

collect telegram

24

4.02

freight on linen delivery

24

1.16

office supplies

29

10.50

postage stamps (note there was no receipt for this)

30

1.16

stamps

The desk clerk has added these items and requests a reimbursement check for $86.09. A count of the cash by the manager shows there is $1.91 still in the fund, plus an IOU from the clerk for $12.00. What comments do you have about the petty cash fund for November 2003?

Answered Same Day Dec 24, 2021

Solution

David answered on Dec 24 2021
124 Votes
A motel has established a petty cash fund of $100 that is controlled by the day shift
desk clerk. During October, the following disbursements supported by receipts or
memoranda were made from the fund. Calculate the amount of the
eimbursement check to the fund at the end of October 2003.
October 2 $13.51 flowers for a VIP guest
2 4.30 postage stamps
5 15.28 cleaning supplies
7 7.11 freight on delivery of linen
8 1.58 office supplies
15 11.50 postage stamps
16 5.00 refund to guest
20 12.00 replacement light bulbs
22 0.48 postage due
28 3.75 cutting new keys
31 6.45 gas for the lawnmower
In the same establishment, the...
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