Indicate what effects (#1-4) each situation (#a-f) will have. (Note: There might be more than one effect
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1. New check written.
2. Recorded in general journal.
3. Petty cash voucher prepared.
4. Recorded in auxiliary petty cash record.
_____ a. Established petty cash.
_____ b. Paid $1,400 bill.
_____ c. Paid $3 for Band-Aids from petty cash.
_____ d. Paid $4 for stamps from petty cash.
_____ e. Paid electric bill, $270.
_____ f. Replenished petty cash.
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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