Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 Exercise 7-33 (Algo) Petty cash [Appendix 7A] The petty cash fund of Ricco's Automotive contained the following items at the end of September

image text in transcribed
image text in transcribed

5 Exercise 7-33 (Algo) Petty cash [Appendix 7A] The petty cash fund of Ricco's Automotive contained the following items at the end of September 2024: Currency and coins Receipts for the following expenditures: Delivery charges Printer paper Paper clips and rubber bands Lent money to an employee Postage Total $ 98 $ 36 31 12 79 45 252 52 $ 274 The petty cash fund was established at the beginning of September with a transfer of $274 from cash to the petty cash a Required: Prepare the journal entry to replenish the fund at the end of September. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Intermediate Accounting

Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas

10th edition

1260481956, 1260310175, 978-1260481952

Students also viewed these Accounting questions