Dome Company uses a voucher system along with a petty cash fund. Record each of the following
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Dome Company uses a voucher system along with a petty cash fund. Record each of the following entries in journal entry form. Assume that Dome Company records all vouchers at gross.
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201X May 11 Purchased $900 Of merchandise on account from Green Company; voucher no. 147 was prepared; terms 2/10, n/30. 14 Voucher no. 148 was prepared to establish petty cash for $70. 16 Issued check no. 63 in payment of voucher no. 147. 17 Check no. 64 was issued to pay voucher no. 148. 27 Voucher no. 149 was prepared to replenish the petty cash fund from the following receipts: supplies, $18; delivery, $23.
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201X May 11 Purchases 9 0 0 00 Vouchers Payable Green Co 9 0 ...View the full answer
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Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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