Prepare journal entries for each of the following: a. Issued a check to establish a petty cash
Question:
a. Issued a check to establish a petty cash fund of $600.
b. The amount of cash in the petty cash fund is $175. Issued a check to replenish the fund, based on the following summary of petty cash receipts: repair expense, $350 and miscellaneous selling expense, $55. Record any missing funds in the cash short and over account.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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