Genesis Company designated Alex Kidd as petty cash custodian and established a petty cash fund of $200.

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Genesis Company designated Alex Kidd as petty cash custodian and established a petty cash fund of $200. The fund is reimbursed when the cash in the fund is at $17. Petty cash receipts indicate funds were disbursed for office supplies $94 and miscellaneous expenses $87. Prepare journal entries for the establishment of the fund and the reimbursement.

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Intermediate Accounting principles and analysis

ISBN: 978-0471737933

2nd Edition

Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso

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