Prepare journal entries for the following petty cash fund transactions:
Jul. 1 Established a $75 petty cash fund.
9 Increased the petty cash fund to $100.
31 Replenished the petty cash fund. Currency and coins remaining were $20.
Approved paid vouchers were $12 donation expense, $21 postage expense, $30 office
supplies expense and $15 miscellaneous expense.
Correct Answer:
Verified
Cash 75
J...
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q169: The entry to replenish a $200 petty
Q170: Cash Short and Over is
A) a Misc.
Q171: The petty cash overage was not recorded.
Q172: Produce the entry to replenish petty cash
Q173: If there is an overage in the
Q174: A company would use a change fund
Q176: The change fund is what type of
Q177: When a company sets up a change
Q178: If the ending balance in the Cash
Q179: Prepare journal entries for the following petty
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents