Admirable Company had a petty cash fund which included the following details: Coins and currency 2,000 Paid vouchers Transportation Gasoline 600 400 Office supplies 500 Postage stamps Due from employees 300 1,200 3,000 Employee's check returned by bank marked "NSF" Check drawn to the order of of petty cash custodian What amount of petty cash should be reported? 1,000 4,000
Admirable Company had a petty cash fund which included the following details: Coins and currency 2,000 Paid vouchers Transportation Gasoline 600 400 Office supplies 500 Postage stamps Due from employees 300 1,200 3,000 Employee's check returned by bank marked "NSF" Check drawn to the order of of petty cash custodian What amount of petty cash should be reported? 1,000 4,000
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....
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