1. An examination of the petty cash fund on the morning of January 2, 2021, discloses the following items in the petty cash drawer. Currency and coins P 152.00 Postage Stamps 29.00 An I.0.U from Flores, an employee for cash advance 400.00 Check payable to Ester Company from Andres, an employee, marked NSF 340.00 Vouchers for the following: Stamps 200.00 Computer repairs 1,843.50 2,043.50 2,964.50
1. An examination of the petty cash fund on the morning of January 2, 2021, discloses the following items in the petty cash drawer. Currency and coins P 152.00 Postage Stamps 29.00 An I.0.U from Flores, an employee for cash advance 400.00 Check payable to Ester Company from Andres, an employee, marked NSF 340.00 Vouchers for the following: Stamps 200.00 Computer repairs 1,843.50 2,043.50 2,964.50
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 4EB: Record the following transactions: A. Started a petty cash fund in the amount of $1,000. B....
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Unadjusted petty cash fund is 3,000. How much is the adjusted balance of petty cash fund at the end of the period
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