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Record the following [petty cash transactions of Lexite Laminated Surfaces. Apr 1Established a petty cash fund with a $200 balance. Apr 30The petty cash fund
Record the following [petty cash transactions of Lexite Laminated Surfaces.
Apr 1Established a petty cash fund with a $200 balance.
Apr 30The petty cash fund has $19 in cash and $187 in petty cash tickets that
Were issued to pay for office supplies ($117) and entertainment expenses ($70). Replenish the fund with $181 cash and record the expenses.
(HINT: determine the cash over/short. Record this as an expense, along with all other items noted by cash tickets.)
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