Question
Sneaker Company decides on March 1, 20XX, that they need a $250 petty cash fund. On March 31 the fund contains the following cash and
Sneaker Company decides on March 1, 20XX, that they need a $250 petty cash fund. On March 31 the fund contains the following cash and receipts: (Use account names specified)
Cash $27
Postage Expense 28
Employee lunches (Misc. Exp.) 76
Receipt for printer ink (Office Supply Exp.) 47
IOUs from employees 74
Football pool 26
Prepare the journal entries for March 1 and March 31.
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Optimization Methods In Finance
Authors: Gérard Cornuéjols, Javier Peña, Reha Tütüncü
2nd Edition
1107056748, 9781107056749
