On November 2, 2010 Resort established a petty cash fund of RO On November 31, 2018, the amount remaining in the fund was RO 80. It had the following data: Postage Expense RO 150 Freight-In 340 Entertainment of clients 228 Supplies Expense 160 The journal entry to establish the petty cash fund would include a: Select one: O a debit to Cash for RO 750. O b. credit to Cash Over and Short for RO 48. O c None of the answers are correct O d.credit to Cash for RO 700. O e. credit to Cash for RO 52.
On November 2, 2010 Resort established a petty cash fund of RO On November 31, 2018, the amount remaining in the fund was RO 80. It had the following data: Postage Expense RO 150 Freight-In 340 Entertainment of clients 228 Supplies Expense 160 The journal entry to establish the petty cash fund would include a: Select one: O a debit to Cash for RO 750. O b. credit to Cash Over and Short for RO 48. O c None of the answers are correct O d.credit to Cash for RO 700. O e. credit to Cash for RO 52.
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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