Exercise 6-9: Dension Corp. established a petty cash fund at the beginning of the current month. At the end of the month, the amount of coin and currency on hand was $65.50. Dension recorded the following entry at the end of the current month to replenish the petty cash fund: Jan. 31 Postage expense 44.00 Delivery expense 49.70 Entertaining expense 22.40 Office supplies expense 66.20 Cash over and short 2.20 Cash 184.50 Determine the amount of the check written at the beginning of the month to establish the fund.
Exercise 6-9: Dension Corp. established a petty cash fund at the beginning of the current month. At the end of the month, the amount of coin and currency on hand was $65.50. Dension recorded the following entry at the end of the current month to replenish the petty cash fund: Jan. 31 Postage expense 44.00 Delivery expense 49.70 Entertaining expense 22.40 Office supplies expense 66.20 Cash over and short 2.20 Cash 184.50 Determine the amount of the check written at the beginning of the month to establish the fund.
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter6: Cash And Internal Control
Section: Chapter Questions
Problem 6.6E
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Exercise 6-9: Dension Corp. established a petty cash fund at the beginning of the current month. At the end of the month, the amount of coin and currency on hand was $65.50. Dension recorded the following entry at the end of the current month to replenish the petty cash fund:
Jan. 31 Postage expense 44.00
Delivery expense 49.70
Entertaining expense 22.40
Office supplies expense 66.20
Cash over and short 2.20
Cash 184.50
Determine the amount of the check written at the beginning of the month to establish the fund.
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