This exercise continues the Lawlor Lawn Service, Inc., situation from Exercise 6-44 of Chapter 6. During June,
Question:
a. Receipt for $45 from the lawn supply store for Lawn Supplies
b. Receipt for $11 from the gas station for fuel
c. Receipt for $17 for lunch with a potential client
Requirements
1. Journalize the entry to establish the Petty cash fund.
2. Journalize any entries to replenish the fund at the end of June. Add any new accounts to the chart for Lawlor that may be necessary.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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