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Exercise 6-13A Effect of establishing a petty cash fund LO 6-4 Chen Company established a $200 petty cash fund on January 1, Year 1. Required
Exercise 6-13A Effect of establishing a petty cash fund LO 6-4 Chen Company established a $200 petty cash fund on January 1, Year 1. Required a. Is the establishment of the petty cash fund an asset source, use, or exchange transaction? b. Show the establishment of the petty cash fund in a horizontal statements model like the following one: c. Record the establishment of the fund in general journal format. Complete this question by entering your answers in the tabs below. Required A Required B Required Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Required) tercise 6-13A Effect of establishing a petty cash fund LO 6-4 en Company established a $200 petty cash fund on January 1, Year 1, quired Is the establishment of the petty cash fund an asset source, use, or exchange transaction? Show the establishment of the petty cash fund in a horizontal statements model like the following one: Record the establishment of the fund in general Journal format Complete this question by entering your answers in the tabs below. Required A Required B Required how the establishment of the petty cash fund in a horizontal statements model like the following one: (In the Cash Flow column, use the initials OA to designate operating ctivity, IA for investing activity, FA for financing activity, and NA for not affected. Enter any decreases to account balances with a minus sign.) -1 CHEN COMPANY Statement Model stockholders' Equy Net Income Cash Flow Assets Revenue Cush Petty Cash
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