In general journal form, prepare journal entries to establish a petty cash fund on October 1 and
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In general journal form, prepare journal entries to establish a petty cash fund on October 1 and replenish it on October 31.
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201X October 1 A $101 petty cash fund is established. At the end of the month, $14 cash plus the following paid vouchers exist: donations expense, $15; postage expense, $18; office supplies expense, $30; miscellaneous expense, $24. 31
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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