142. Using the following information, prepare a bank reconciliation for Young Co. for August 31, 2009: (a) The bank statement balance is $4,010 (b) The cash account balance is $4,207. (c) Outstanding checks amounted to $517. (d) Deposits in transit are $633. (e) The bank service charge is $45. (f) A check for $84 for supplies was recorded as $48 in the ledger. 143. Journalize the entries to record the following: Mar 1 Established a petty cash fund of $450. Mar 31 The amount of cash in the petty cash fund is now $173. The fund is replenished based on the following receipts: office supplies, $145; selling expenses, $135. Record any discrepancy in the cash short and over account. Date Description Post Ref Debit Credit

142. Using the following information, prepare a bank reconciliation for Young Co. for August 31, 2009: (a) The bank statement balance is $4,010 (b) The cash account balance is...

142. Using the following information, prepare a bank reconciliation for Young Co. for August 31, 2009:

(a)	The bank statement balance is $4,010
(b)	The cash account balance is $4,207.
(c)	Outstanding checks amounted to $517.
(d)	Deposits in transit are $633.
(e)	The bank service charge is $45.
(f)	A check for $84 for supplies was recorded as $48 in the ledger.

143. Journalize the entries to record the following:

Mar 1	Established a petty cash fund of $450.
Mar 31	The amount of cash in the petty cash fund is now $173. The fund is replenished based on the following receipts: office supplies, $145; selling expenses, $135.
	Record any discrepancy in the cash short and over account.

May 15, 2022