Petty cash fund
prepare journal entries for each of the following:
a. issued a check to...
Business, 18.12.2019 02:31, Chantamariepaul
Petty cash fund
prepare journal entries for each of the following:
a. issued a check to establish a petty cash fund of $600.
a. petty cash
b. cash
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. for a compound transaction, if an amount box does not require an entry, leave it blank.
a. store supplies
b. miscellaneous selling expense
c. cash short and over
d. cash
Answers: 1
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