Gaming Supplies started a petty cash fund on November 15 , with a balance of ($ 100).
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Gaming Supplies started a petty cash fund on November 15 , with a balance of \(\$ 100\). By November 27, it had \(\$ 5\) in cash and \(\$ 95\) in petty cash tickets. This included \(\$ 55\) of courier receipts, which they report as delivery expenses, and \(\$ 40\) of RONA receipts, which will be recorded as maintenance expenses. They recognized that the petty cash account was too small, so on December 1, it was increased to have a \(\$ 300\) balance.
Record the petty cash transactions. Explanations are not required.
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Related Book For
Horngrens Accounting Volume 1
ISBN: 9780135359709
11th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura, Carol Meissner, JoAnn Johnston, Peter Norwood
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