Answered step by step
Verified Expert Solution
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 $0.61 Bills and Vouchers
4. On June 10, 20, a petty cash fund with a lower limit of $12 is in the following condition: Cash $0.61 Bills and Vouchers Amount GST Total Delivery Expense $15.00 $1.05 $16.05 Wages 10.00 10.00 Office Expense 15.02 1.05 16.07 Supplies 10.75 .75 11.50 Advertising 12.00 .84 12.84 Supplies 11.79 .83 12.62 Advertising 15.00 1.05 16.05 Wages 12.50 12.50 Office Expense 12.14 .85 12.99 P. Martin, Drawings 10.00 10.00 Office Expense 4.20 .29 4.49 Office Expense 2.00 .14 2.14 Supplies 11.35 .79 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. You will find forms in the Workbook
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started