Question
In the General Journal, prepare the JE to record the following transactions: Nov 1 Establised a petty cash fund of $400 Nov 30 Replenished the
In the General Journal, prepare the JE to record the following transactions:
Nov 1 Establised a petty cash fund of $400
Nov 30 Replenished the fund based on the remaining cash balance and the following summary of petty cash receipts:
on Nov 30 the amount of cash in the fund was &128.34
Receipt Summary Office Supplies Ex 80.25 Inventory (freight In) 115.33 Misc Ex 78.05
Dec1 Dedided that the petty cash fund should be a total of 300.00(instead of 400.00)
Dec 31 Replenished the fund based on the remaining cash balance and the following summary of petty cash receipts:
Dec 31 the amount the cash in the fund was 135.45
Receipt Summary: Postage Ex 15.55 Shipping Ex 25.80 Misc Ex 120.95
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