Question
EXAM - Chapter 6 - EXAM Childers Company has an established petty cash fund in the amount of $500. The fund was last reimbursed on
| Childers Company has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: |
| December 4 | Freight charge for merchandise purchased | $ 52 |
| December 7 | Delivery charge for shipping to customer | $ 76 |
| December 12 | Purchase of office supplies | $ 41 |
| December 18 | Donation to charitable organization | $ 60 |
If, in addition to these receipts, the petty cash fund contains $258.50 of cash, the journal entry to reimburse the fund on December 31 will include: |
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Financial Accounting
Authors: David Spiceland, Wayne M. Thomas, Don Herrmann
5th edition
1259914895, 978-1259914898
