Chat with AI
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Edition 14ISBN: 978-1305653535 Exercise 32
Petty cash fund
Prepare journal entries for each of the following:
A. Issued a check to establish a petty cash fund of $600.
B. The amount of cash in the petty cash fund is $130. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $410, and miscellaneous selling expense, $50. Record any missing funds in the cash short and over account.
Prepare journal entries for each of the following:
A. Issued a check to establish a petty cash fund of $600.
B. The amount of cash in the petty cash fund is $130. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $410, and miscellaneous selling expense, $50. Record any missing funds in the cash short and over account.
Explanation
Verified
Verified
Petty cash fund : The transactions which...
Corporate Financial Accounting 14th Edition by Carl Warren,James Reeve,Jonathan Duchac
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
