Alanda Yousef Bookkeeping Services has only a general journal in its accounting system and uses it to

Question:

Alanda Yousef Bookkeeping Services has only a general journal in its accounting system and uses it to record all the transactions. However the company recently set up a petty cash fund for payment of small items. The  following petty cash transactions were noted by the petty cashier as occurring during March:


Required
Prepare journal entries to record the establishment of the fund on March 1 and its replenishment on April 1.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

College Accounting A Practical Approach

ISBN: 9780135222416

14th Canadian Edition

Authors: Jeffrey Slater, Debra Good

Question Posted: