Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On September 1, you compare the petty cash book balance of $29.30 with the actual currency in the petty cash box. The box contains the
On September 1, you compare the petty cash book balance of $29.30 with the actual currency in the petty cash box. The box contains the following: 2-$5 bills; 6-$1 bills; 12-half dollars; 8-quarters; 34-dimes; 16-nickels; and 25 pennies. Complete the following to find the amount of cash shortage/overage: 1. Balance in petty cash book on September 1 2. Actual amount in petty cash box 3. Cash short/over (use parentheses to indicate shortage) Complete the following to show corrected petty cash book balance: 4. Balance in petty cash book on September 1 5. Cash short/over (add or subtract as appropriate) 6. Corrected balance in petty cash book 14 +A Complete the following form to find the amount to replenish the fund to bring it back to its original balance of $100.00: 7. Original petty cash balance 8. Deduct corrected balance in petty cash book 9. Amount to replenish 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