If in Exercise 6B-2 cash on hand is $20, prepare the entry to replenish the petty cash

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If in Exercise 6B-2 cash on hand is $20, prepare the entry to replenish the petty cash on December 31.

Data From Exercise 6B-2

In general journal form, prepare journal entries to establish a petty cash fund on December 1 and replenish it on December 31.

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College Accounting A Practical Approach Chapters 1-25

ISBN: 9780137504282

15th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 26, 2023 01:29 AM

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If in Exercise 6B-2 cash on hand is $20, prepare the entry to replenish the petty cash

Question:

202X December 1 31 A $108 petty cash fund is established. At the end of the month, $35 cash plus the following paid vouchers exist: donations expense, $15; postage expense, $13; office supplies expense, $26; miscellaneous expense, $19.

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Dec 31 Donations Expense Postage ...View the full answer

College Accounting A Practical Approach Chapters 1-25

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