Petty cash fund Obj. 6 Prepare journal entries for each of the following: a. Issued a check

Question:

Petty cash fund Obj. 6

Prepare journal entries for each of the following:

a. Issued a check to establish a petty cash fund of $750.

b. The amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the

following summary of petty cash receipts: repair expense, $515 and miscellaneous selling expense,

$88. Record any missing funds in the cash short and over account.

AppendixLO1

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

Step by Step Answer:

Related Book For  book-img-for-question

Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

Question Posted: