Question
Sunland Company designated Alexa Kidd as petty cash custodian and established a petty cash fund of $400. The fund is reimbursed when the cash in
Sunland Company designated Alexa Kidd as petty cash custodian and established a petty cash fund of $400. The fund is reimbursed when the cash in the fund is at $64. Petty cash receipts shows that funds were disbursed for $150 of supplies and $183 of freight charges on inventory purchases. Prepare the entries that are necessary to record following independent transactions.
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Management Accounting
Authors: Late RC Sekhar, AV Rajagopalan
1st Edition
195683609, 978-0195683608
