Question
Flash Drive Inc set up a petty cash fund of $150 on December 1, 2020. On December 20 th , the petty cash box contained
Flash Drive Inc set up a petty cash fund of $150 on December 1, 2020. On December 20th, the petty cash box contained $23 and the following receipts: $35 for postage, $38 for coffee and snacks for a staff meeting and $52 for equipment repairs.
Record the journal to reimburse the fund on December 20th:
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Financial and Managerial Accounting the basis for business decisions
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
17th edition
007802577X, 978-0078025778
