Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 Willard Company established a $490 petty cash fund on September 9, 2020 on September 30, the fund had $795 40 in cathlong with receipts

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
2 Willard Company established a $490 petty cash fund on September 9, 2020 on September 30, the fund had $795 40 in cathlong with receipts for these expenditures, transportation-in, $3970 office supplies, $138.90; and repairs expense, 109 Willard esine perpetual method to account for merchandise inventory. The petty cashier could not account for the $700 shortage in the fund a. Prepare the September 9 entry to establish the fund 13 points View transaction list Journal entry worksheet 1 Record the entry to establish the fund, Debit Note: Enter debits before credits General Journal Date pter 2 Journal entry worksheet Record the entry to reimburse the fund. 13 points Notes Enter debits before credits Debit Credit Date General Journal Sep 30, 2020 MED Clancanto

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting And Financial Management For Construction Project Managers

Authors: Len Holm

1st Edition

1138550655, 978-1138550650

More Books

Students also viewed these Accounting questions