Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4. On June 10, 20, a petty cash fund with a lower limit of $12 is in the following condition: Cash Bills and Vouchers

 

4. On June 10, 20, a petty cash fund with a lower limit of $12 is in the following condition: Cash Bills and Vouchers Delivery Expense Wages Office Expense Supplies Advertising Supplies Advertising Wages Office Expense P. Martin, Drawings Office Expense Office Expense Supplies $0.61 Amount $15.00 10.00 15.02 10.75 12.00 11.79 15.00 12.50 12.14 10.00 4.20 2.00 11.35 GST $1.05 1.05 .75 .84 .83 1.05 .85 .29 .14 .79 Total $16.05 10.00 16.07 11.50 12.84 12.62 16.05 12.50 12.99 10.00 4.49 2.14 12.14 A. Prepare the summary of charges necessary to replenish the fund. B. In general journal form, write out the required accounting entry to replenish the fund.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Delivery exp Wages 10 125 Office ex... 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_2

Step: 3

blur-text-image_3

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

Financial and Managerial Accounting

Authors: Horngren, Harrison, Oliver

3rd Edition

978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978

More Books

Students also viewed these Accounting questions