On December 1. 2002, LGA Corporation established an imprest petty cash fund. The operations of the fund

Question:

On December 1. 2002, LGA Corporation established an imprest petty cash fund. The operations of the fund for the last month of 2002 and the first month of 2003 are summarized as follows:

Dec.

1 The petty cash fund was established by cashing a company check for \($2,000\) and delivering the proceeds to the fund cashier.
21 A request for replenishment of the petty cash fund was received by the accounts payable department, supported by appropriate signed vouchers, summarized as follows:

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A check for \($1,356\) was drawn payable to the petty cash cashier 31 The company's independent certified public accountant counted the fund in connection with the year-end audit work and found the following:

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The petty cash fund was not replenished at December 31. 2002.
Jan. 15 The employees checks held in the petty cash fund at December 31 were cashed and the proceeds retained in the fund.
31 A request for replenishment was made and a check was drawn to restore the fund to its original balance of \($2,000.\) The support vouchers for January expenditures are summarized below.

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Instructions: 

Record the transactions in general journal form.

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Related Book For  book-img-for-question

Intermediate Accounting

ISBN: 9780324013078

14th Edition

Authors: Fred Skousen, James Stice, Earl Kay Stice

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