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Ethan Company documented the following events related to its petty cash fund: Established a $760 petty cash fund. Paid for $330 in miscellaneous supplies out
Ethan Company documented the following events related to its petty cash fund: Established a $760 petty cash fund. Paid for $330 in miscellaneous supplies out of the fund. (a) Recognized the petty cash expenses and (b) replenished the petty cash fund by $330. Required: Show each of the two events in a horizontal statements model like the following one. Note: In the Cash Flow column, use OA to designate operating activity, IA for investment activity, FA for financing
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