7.13 Manuel's petty cash box contained the following items on 30 November: Cash Expense vouchers: Printing Tea & Biscuits Taxi fares Sundry Expenses $178.60 43.80 71.60 84.80 51.20 Required: (a) What should the opening balance be in the petty cash fund asset account? (b) Show the journal entry for the reimbursement amount? (c) Determine the balance in the petty cash box before the reimbursement.
7.13 Manuel's petty cash box contained the following items on 30 November: Cash Expense vouchers: Printing Tea & Biscuits Taxi fares Sundry Expenses $178.60 43.80 71.60 84.80 51.20 Required: (a) What should the opening balance be in the petty cash fund asset account? (b) Show the journal entry for the reimbursement amount? (c) Determine the balance in the petty cash box before the reimbursement.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
Problem 10SPB
Related questions
Question
![7.13 Manuel's petty cash box contained the following items on 30 November:
Cash
Expense vouchers:
Printing
Tea & Biscuits
Taxi fares
Sundry Expenses
$178.60
43.80
71.60
84.80
51.20
Required:
(a) What should the opening balance be in the petty cash fund asset account?
(b) Show the journal entry for the reimbursement amount?
(c) Determine the balance in the petty cash box before the reimbursement.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8167d6a8-6705-43b8-9860-61717c0e57ab%2F89876142-f0e8-4487-a5f4-af8e6f94c6be%2F1y3ao9_processed.jpeg&w=3840&q=75)
Transcribed Image Text:7.13 Manuel's petty cash box contained the following items on 30 November:
Cash
Expense vouchers:
Printing
Tea & Biscuits
Taxi fares
Sundry Expenses
$178.60
43.80
71.60
84.80
51.20
Required:
(a) What should the opening balance be in the petty cash fund asset account?
(b) Show the journal entry for the reimbursement amount?
(c) Determine the balance in the petty cash box before the reimbursement.
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