Answered step by step
Verified Expert Solution
Question
1 Approved Answer
X comapny established a petty cash fund by $200 in January 1, 2020 by writing a check, on Januray 15,2020 the company replenished the petty
X comapny established a petty cash fund by $200 in January 1, 2020 by writing a check, on Januray 15,2020 the company replenished the petty cash by $180 when cash balance is $20 andtotal expenses $180, on January 20 it has replenished petty cash when cash balnce is $15 and total expenses $184, on January 28 it has repelenished petty cash when cash balance $10 and total expenses $191, the entry in Janyary 1, 2020 is?
a.
Debit Cash 200 and credit petty cash 200.
b.
no entry.
c.
Debit petty cash 200 and credit cash 200.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started