Question
The original petty cash fund was established for $350. The company decides to decrease the fund by $50, leaving a total petty cash fund of
The original petty cash fund was established for $350. The company decides to decrease the fund by $50, leaving a total petty cash fund of $300. What journal entry would need to be made on the company's books to record the decrease in the fund?
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Fundamental accounting principle
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
21st edition
1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587
