If cash on hand is $20, prepare the entry to replenish the petty cash on December 31. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts PR Dr. Cr. More Info Dec. 31 Cash Short and Over Donations Expense 15 201X Miscellaneous Expense 19 December 1 A $108 petty cash fund is established. Office Supplies Expense 26 31 At end of the month, the following paid vouchers exist: donations expense, $15; postage expense, $13; office supplies expense, $26; miscellaneous expense, $19. Postage Expense 13 Cash Print Done
If cash on hand is $20, prepare the entry to replenish the petty cash on December 31. (Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts PR Dr. Cr. More Info Dec. 31 Cash Short and Over Donations Expense 15 201X Miscellaneous Expense 19 December 1 A $108 petty cash fund is established. Office Supplies Expense 26 31 At end of the month, the following paid vouchers exist: donations expense, $15; postage expense, $13; office supplies expense, $26; miscellaneous expense, $19. Postage Expense 13 Cash Print Done
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 6SEB
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