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The Acme Company established a Petty Cash Fund of $150 on December 1. At the end of the month, the fund contained $73 in
The Acme Company established a Petty Cash Fund of $150 on December 1. At the end of the month, the fund contained $73 in cash and the following petty cash receipts: $50 for office supplies $25 for repairs REQUIRED: Prepare the journal entries for the following: 1. Establish the fund on December 1 2. Reimburse the fund on December 31
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Journal Entry Date Dec1 Dec31 Petty Cash Cash to establish petty ...
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
