Louises Dance Studio created a ($200 ) imprest petty cash fund During the month, the fund custodian authorized and signed petty cash tickets as follows Requirement 1 Make the general journal entries to a create the petty cash fund and b record its replenishment Cash in the fund totals ($15 ), so ($...

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Louises Dance Studio created a ($200) imprest petty cash fund. During the month, the fund custodian authorized

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Louise’s Dance Studio created a $$200$ imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:

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Requirement

1.Make the general journal entries to

a. create the petty cash fund and

b. record its replenishment. Cash in the fund totals $$15$, so $$10$ is missing. Include explanations.

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Financial And Managerial Accounting

ISBN: 9780135080191

2nd Edition

Authors: Charles T Horngren, Jr Walter T Harrison

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Question Posted: May 13, 2024 09:02 AM

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Louises Dance Studio created a ($200) imprest petty cash fund. During the month, the fund custodian authorized

Question:

Petty Cash Ticket No. Item Account Debited Amount 1 Delivery of programs to customers Delivery expense $ 15 2 3 4 Mail package Newsletter Key to closet Postage expense 10 Supplies expense 30 Miscellaneous expense 45 S Computer jumpdrive Supplies expense 75

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Financial And Managerial Accounting

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