ch07 study guide answers - Cengage - Higher Ed eBooks

Answers to Study Guide Questions ... Microsoft Word - ch07_study guide answers.doc Created Date: 3/15/2004 10:22:34 AM...

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Answers to Study Guide Questions CHAPTER 7 PART 1 1. 2. 3. 4. 5.

True/False F F F F T

PART 2 1. 2. 3. 4. 5. 6. 7.

6. 7. 8. 9. 10.

T T F F F

Completion—Language of Business 8. 9. 10. 11. 12. 13. 14.

payee service charge endorsement denominations canceled checks restrictive endorsement drawer

PART 3

ledger balance of cash deposit in transit change fund qualified endorsement bank reconciliation Outstanding checks blank endorsement

Reimbursing the Petty Cash Fund

Balance of the Petty Cash Fund, $60 GENERAL JOURNAL DATE 1 2 3 4 5 6 7 8

20— June

DESCRIPTION

PAGE POST. REF.

DEBIT

CREDIT 1

30 Repair Expense Delivery Expense Miscellaneous Expense H. Ball, Drawing Cash Issued Ck. No. 711 to reimburse the petty cash fund.

7.10 4.20 16.48 11.50

2 3 4 5

39.28

6 7 8

9

9

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