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

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Petty cash fund OBJ. 6 Prepare journal entries for each of the following:

a. Issued a check to establish a petty cash fund of $900.

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: store supplies, $550 and miscellaneous selling expense, $200. Record any missing funds in the cash short and over account.

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Financial And Managerial Accounting

ISBN: 9781305267831,9781305267848

13th Edition

Authors: Carl S. Warren , James M. Reeve , Jonathan Duchac

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