Answered step by step
Verified Expert Solution
Question
1 Approved Answer
m e and post pe shundacions GLS PB-2A Forney Company maintains a pretty for all ing transactions occurred over a 2-month period the follow July
m e and post pe shundacions GLS PB-2A Forney Company maintains a pretty for all ing transactions occurred over a 2-month period the follow July 1 Established petty cash fund by check on Scranton Bank for $200. 15 Replenished the petty cash and check for $19.00 On this date the fund consisted of 5400 and the following petty cash receipts freight-out $92.00. poste expres a ment expense $46.60, and miscellaneous expense 11.20 31 Replenished the petty cash fund by writing a check for 5192.00. At this date, the fundonsisted of 8.00 in cash and the following petty cash receipts freight out $2.10.charte contribution expense $45.00. posta expense $25.50, and miscellaneous expense $39 40 Aug. 15 Replenished the petty cash fund by writing a check for $187.00. On this date.! the fund consisted of 513.00 in cash and the following petty cash receipts freight-out 577.60.entertainment expense 543.00. postage expense $33.00, and miscellaneous expense $37.00 16 Increased the amount of the petty cash fund to $300 by writing a check for $100. 31 Replenished the pretty cash fund by writing a check for $284.00. On this date. the fund consisted of 15 in cash and the following petty cash receipts, postage expense $140.00. travel expense $95 60, and fright-out $47.10. hestructions Journalize the petty cash transactions Post to the Pet Cash account. Whental control features exist in a petty cash fund? m e and post pe shundacions GLS PB-2A Forney Company maintains a pretty for all ing transactions occurred over a 2-month period the follow July 1 Established petty cash fund by check on Scranton Bank for $200. 15 Replenished the petty cash and check for $19.00 On this date the fund consisted of 5400 and the following petty cash receipts freight-out $92.00. poste expres a ment expense $46.60, and miscellaneous expense 11.20 31 Replenished the petty cash fund by writing a check for 5192.00. At this date, the fundonsisted of 8.00 in cash and the following petty cash receipts freight out $2.10.charte contribution expense $45.00. posta expense $25.50, and miscellaneous expense $39 40 Aug. 15 Replenished the petty cash fund by writing a check for $187.00. On this date.! the fund consisted of 513.00 in cash and the following petty cash receipts freight-out 577.60.entertainment expense 543.00. postage expense $33.00, and miscellaneous expense $37.00 16 Increased the amount of the petty cash fund to $300 by writing a check for $100. 31 Replenished the pretty cash fund by writing a check for $284.00. On this date. the fund consisted of 15 in cash and the following petty cash receipts, postage expense $140.00. travel expense $95 60, and fright-out $47.10. hestructions Journalize the petty cash transactions Post to the Pet Cash account. Whental control features exist in a petty cash fund
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started