Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question (3) 5 Marks: On April 3, 2020, Al-Arab Company established a petty cash fund by issuing a check for JD 220 to Mr. Ali

image text in transcribed
Question (3) 5 Marks: On April 3, 2020, Al-Arab Company established a petty cash fund by issuing a check for JD 220 to Mr. Ali who is the custodian of the petty cash fund. On April 30, the custodian submitted the following paid petty cash voucher for replenishment of the petty cash fund where there is JD 26 cash in the fund: Supplies JR.168 Instructions: Prepare the journal entries required to establish the petty cash fund on April 3 and the replenishment of the fund on April 30. Answer (2)

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

Step: 3

blur-text-image

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

Auditing and Assurance services an integrated approach

Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan

16th edition

978-0134075754, 134075757, 134065824, 978-0134065823

More Books

Students also viewed these Accounting questions