Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $900. fill in the blank 38bab7031046039_2 fill in the blank 38bab7031046039_4 b. The amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $550 and miscellaneous selling expense, $200. Record any missing funds in the cash short and over account. For a compound transaction, if an amount box does not require an entry, leave it blank.
Prepare journal entries for each of the following: a. Issued a check to establish a petty cash fund of $900. fill in the blank 38bab7031046039_2 fill in the blank 38bab7031046039_4 b. The amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $550 and miscellaneous selling expense, $200. Record any missing funds in the cash short and over account. For a compound transaction, if an amount box does not require an entry, leave it blank.
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 7.4BE
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Question
Petty Cash Fund
Prepare
a. Issued a check to establish a petty cash fund of $900.
fill in the blank 38bab7031046039_2 | |||
fill in the blank 38bab7031046039_4 |
b. The amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $550 and miscellaneous selling expense, $200. Record any missing funds in the cash short and over account. For a compound transaction, if an amount box does not require an entry, leave it blank.
fill in the blank e16633009019ff3_2 | fill in the blank e16633009019ff3_3 | ||
fill in the blank e16633009019ff3_5 | fill in the blank e16633009019ff3_6 | ||
fill in the blank e16633009019ff3_8 | fill in the blank e16633009019ff3_9 | ||
fill in the blank e16633009019ff3_11 | fill in the blank e16633009019ff3_12 |
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