Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

journalize the entries to record the following check is issued to establish petty cash fund of $750 the amount of casg in the petty cash

journalize the entries to record the following check is issued to establish petty cash fund of $750 the amount of casg in the petty cash fund is now
image text in transcribed
ook Show Me How Calculator tty Cash Fund Entries urnasize the entries to record the following: Check is issued to establish a petty cash fund of $750. The amount of cash in the petty cash fund is now $176. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $248; miscellaneous selling expense, $212; miscellaneous administrative expense, $96. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $750, record the discrepancy in the cash short and over account.) . Journalize the entry to establish the petty cash fund. b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank. 3 more Check My Work uses remaining PreviousNext All work saved ave and Exit Submit Assignment for Grading

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Advanced Digital Auditing Theory And Practice Of Auditing Complex Information Systems And Technologies

Authors: Egon Berghout, Rob Fijneman, Lennard Hendriks, Mona De Boer, Bert-Jan Butijn

1st Edition

3031110889, 978-3031110887

More Books

Students also viewed these Accounting questions