Question
Prepare journal entries for each of the following. a) Issued a check to establish a petty cash fund of $600. b) The amount of cash
Prepare journal entries for each of the following.
a) Issued a check to establish a petty cash fund of $600.
b) The amount of cash in the petty cash fund is $200. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $236 and miscellaneous selling expense, $148. Record any missing funds in the cash short and over account.
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Journal Entries a Dr Cash in Hand 600 Cr Bank 60...
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Fundamental Accounting Principles Volume II
Authors: Larson Kermit, Jensen Tilly
14th Canadian Edition
71051570, 0-07-105150-3, 978-0071051576, 978-0-07-10515, 978-1259066511
