Petty cash fund
prepare journal entries for each of the following:
a. issued a check to establish a petty cash fund of $600.
a. petty cash
b. cash
b. the amount of cash in the petty cash fund is $130. issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $410 and miscellaneous selling expense, $50. record any missing funds in the cash short and over account. for a compound transaction, if an amount box does not require an entry, leave it blank.
a. store supplies
b. miscellaneous selling expense
c. cash short and over
d. cash

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?