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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
Edition 3ISBN: 978-0132962339 Exercise 36
Accounting for petty cash
Karen's Dance Studio created a $370 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:
Requirement
1. Make the general journal entries to
a. create the petty cash fund and
b. record its replenishment. Cash in the fund totals $147, so $13 is missing. Include explanations.
Karen's Dance Studio created a $370 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:
Requirement
1. Make the general journal entries to
a. create the petty cash fund and
b. record its replenishment. Cash in the fund totals $147, so $13 is missing. Include explanations.
Explanation
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Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver
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