Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Supplies: Mar. 1 Established
Question:
Supplies:
Mar. 1 Established a petty cash fund with a $200 balance.
31 The petty cash fund has $19 in cash and $188 in petty cash tickets that were issued to pay for Office Supplies ($68) and Entertainment Expense ($120).
Replenished the fund and recorded the expenditures.
Apr. 15 Increased the balance of the petty cash fund to $250.
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Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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