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Can someone explain how to do this problem please Petty Cash Problem June 1, XYZ established petty cash in the amount of S180. June 15.
Can someone explain how to do this problem please Petty Cash Problem June 1, XYZ established petty cash in the amount of S180. June 15. The petty cash record shows the following expenses were paid: Transportation expense S50; Supplies $65, Beverages $15; Cell Phone monthly charge of $40. The balance of cash on hand was $16 in coins and currencies The petty cash was replenished on June 16. Also on June 16, the petty cash was increased to $200 Make necessary entries for the above transactions and show the dates of your entries
Can someone explain how to do this problem please
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