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Pawnee Gaming Supplies started a petty cash fund on March 15, with a balance of $150. By March 25, it had $8 in cash and
Pawnee Gaming Supplies started a petty cash fund on March 15, with a balance of $150. By March 25, it had $8 in cash and $142 in petty cash tickets. This included $82 of courier receipts, which they report as delivery expenses, and $60 of RONA receipts which will be recorded as maintenance expenses. They recognized that the petty cash account was too small. so on April 1. it was increased to have a $300 balance Record the petty cash transactions. Explanations are not required. a) Record the petty cash transaction for March 15. b) Record the petty cash transaction for March 25. c) Record the petty cash transaction for April 1.
Pawnee Gaming Supplies started a petty cash fund on March 15, with a balance of $150. By March 25, it had $8 in cash and $142 in petty cash tickets. This included $82 of courier receipts, which they report as delivery expenses, and $60 of RONA receipts
which will be recorded as maintenance expenses. They recognized that the petty cash account was too small. so on April 1. it was increased to have a $300 balance
Record the petty cash transactions. Explanations are not required.
a) Record the petty cash transaction for March 15.
b) Record the petty cash transaction for March 25.
c) Record the petty cash transaction for April 1.
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