The following transactions pertain to the petty cash fund of Carrington Company during 1999: Present journal entries
Question:
The following transactions pertain to the petty cash fund of Carrington Company during 1999:
Present journal entries to record these transactions. Use the Cash Short and Over account for any shortage or overage in the fund.
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Nov. 2 A $450 check is drawn, cashed, and the cash placed in the care of the assistant office manager to be used as a petty cash fund. Dec 17 The fund is replenished. An analysis of the fund shows: Coins and currency. Petty cash vouchers for: Delivery expenses Transportation-in. Postage stamps purchased $147.40 173.48 111.12 15.00 31 The end of the accounting period falls on this date. The fund was not replenished. The fund's contents on this date consist of: Coins and currency. $352.05 Petty cash vouchers for: Delivery expenses. 31.65 Postage stamps purchased 36.30 Employee's IOU . 30.00
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Related Book For
Financial Accounting A Business Perspective
ISBN: 9780072289985
7th Edition
Authors: Roger H. Hermanson, James Don Edwards
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