Business, 02.12.2021 02:40, skyvargasov9cad
Songbird Inc. maintains a petty cash fund with a balance of $2,800. During the month of September, Songbird's employees made routine expenses using cash from the petty cash fund totaling $1,510. At the end of September, Songbird replenishes the petty cash account, but it also decides to increase the fund balance to $3,700. Songbird classifies all petty cash transactions as miscellaneous expense.
Required:
Prepare a journal entry to record the petty cash activity.
Answers: 1
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Songbird Inc. maintains a petty cash fund with a balance of $2,800. During the month of September, S...
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