1. Brooks Agency set up a petty cash fund for $80. At the end of the current period, the fund contained $6 and had the following receipts entertainment. $38. postage. $28 end printing $8. 1. Brooks Agency set up a petty cash fund for $80. At the end of the current period, the fund contained $6 and hed the following receipts entertainment $38 postage. $28 and printing $8. Prepare journal entries to record (a) establishment of the fund and b) reimbursement of the fund at the end of the current period. Prepare journal entries to record (a) establishment of the fund and b) rembursement of the fund et the end of the current period. Vewanaton t Vwwansacton t Journal entry worksheet: Journal entry worksheet Record the reimbursement of the fund at the end of the current period. Record the establishment of the petty cash fund. Note Enter debits before credits Note Enter debts before gredits Transaction General Joumal Debi Credit Transaction General Joumal Debit Credit ta Recond eny Cary Vw peneral ua Recordentry Cear entry Vew general youmal
1. Brooks Agency set up a petty cash fund for $80. At the end of the current period, the fund contained $6 and had the following receipts entertainment. $38. postage. $28 end printing $8. 1. Brooks Agency set up a petty cash fund for $80. At the end of the current period, the fund contained $6 and hed the following receipts entertainment $38 postage. $28 and printing $8. Prepare journal entries to record (a) establishment of the fund and b) reimbursement of the fund at the end of the current period. Prepare journal entries to record (a) establishment of the fund and b) rembursement of the fund et the end of the current period. Vewanaton t Vwwansacton t Journal entry worksheet: Journal entry worksheet Record the reimbursement of the fund at the end of the current period. Record the establishment of the petty cash fund. Note Enter debits before credits Note Enter debts before gredits Transaction General Joumal Debi Credit Transaction General Joumal Debit Credit ta Recond eny Cary Vw peneral ua Recordentry Cear entry Vew general youmal
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
Section: Chapter Questions
Problem 4AP
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