[The following information applies to the questions displayed below.] Harristown

Question

[The following information applies to the questions displayed below.] Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months: I established the fund by cashing a check from HHC for $250 made payable to me. Tom Canuck provided a $70 receipt for repairs to the club's computer, so I paid $70 cash to him. Kim Harra provided a receipt for $50 for various supplies she had used to decorate the arena last month. I paid $50 cash to her. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $80. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a check from HHC for $200. placing the cash into a locked cash box. Wendy Wignes provided receipts for supplies purchased for the clubA s office. I paid $125 cash to her. Destiny Hook provided a phone bill showing she had paid $30 for telephone calls made to contact referees for the annual tournament I paid her $30 cash. Gutty McTavish submitted a receipt for $35 for a haircut he received. I did not pay him. On the last day of the month, I received and cashed a check from HHC for $155. placing the cash into the locked cash box. Prepare journal entries where required. (If no entry is required for a transaction/event. select "No

Explanation / Answer

The following journal entries to be passed in the books of Harristown Hockey Club(HHC).

(1) Petty Cash account Dr 250

To Wayne Crosby Cr 250

(2) Computer maintenance by Tom Canuck

Repair to Computer Dr 70

To Tom Canuck Cr 70

Payment made to TOM Canuck

Tom Canuck Dr 70

To Petty Cash Cr 70

(3) Last month expenses paid to Kim Harra towards variuos supplies for decoration

Kim Harra Dr 50

To Petty Cash Cr 50

(4) Equipment purchased( Fixed assets)

Fixed assets Dr 80

To Trainer Jim Cr 80

Paid to Trainer Jim$ 80

Trainer Jim Dr 80

To, Petty Cash a/c Cr 80

(5) Receipt cheque , Encashed and Kept in the lock

Petty Cash a/c Dr 200

To Bank a/c Cr 200

(6)Purchase of supplies from Wendy Wignes

Supplies expenses Dr 125

Wendy wignes Cr 125

Payment made by Cash to Wendy Wignes

Wendy Wignes Dr 125

To, Petty Cash a/c Cr 125

(7) Telephone expenses paid by Destiny Hook.

Telephone expenses Dr 30

To, Destiny Hook Cr 30

Cash paid to Destiny Hook $ 30

Destiny Hook Dr 30

To, Petty Cash Cr 30

(h) No

(i) Receipt of cheque from HHC and encashment and kept in the Locked cash box

Petty Cash a/c Dr 155

To Bank a/c Cr 155

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