Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Barton Corperation completed the folowing petty cash transactions during July and August in 2023 July 1. Drew a $300,00 cheque, cashed it, and gave the

image text in transcribed
Barton Corperation completed the folowing petty cash transactions during July and August in 2023 July 1. Drew a $300,00 cheque, cashed it, and gave the proceeds and the potty cash box to Linda Chancion, he potty caskier Juy. 4. Paid $39,15 CDD charges on morchandise purchasod for fesale (assume a perpelual inveriory system). dify 10 Piva $4820 so mail a contract to a cliont. Jud 22: Purchased attico fle folders. $28.55, to be used this momth. July 23 Paid $40.85 tor minor computer tepairs July 28 : Paid 516.20 for stamps. August 7 - Paid $20.50 for minor computer repliiss August 15. Purchased office stationery for $27.15, to be used this month. Auglust 26 Paid 525.25 lor postage expanses August 31 . Linda Champoon scried the polly cash receipts by acoounts attecled and excranged them for a cheque to reimbutse the fund for axpendiures. There was szta 10 in cish in the find in addtiont fire of the petty cashi fund was increased 10$35000 Prapare thieit jourtial entrics one to esthbish the petty cash fund, the socond to record the roimbursemsen of the fund at the end of the firs month, and the bat to record the reinbussemant of the find at ine on

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

Management Control Systems

Authors: Kenneth Merchant, Wim Van Der Stede

5th Edition

1292444134, 9781292444130

More Books

Students also viewed these Accounting questions