Question
EXAM - Chapter 6 - EXAM Havermill Co. establishes a $300 petty cash fund on September 1. On September 30, the fund is replenished. The
| Havermill Co. establishes a $300 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $78 for Office Supplies, $147 for merchandise inventory, and $27 for miscellaneous expenses. The fund has a balance of $48. On October 1, the accountant determines that the fund should be increased by $60. The journal entry to record the reimbursement of the fund on September 30 includes a: |
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Introductory Financial Accounting for Business
Authors: Thomas Edmonds, Christopher Edmonds
1st edition
1260299449, 978-1260299441
