Question

Indicate what effects (#1 – 4) each situation (#a – f) will have. (There might be more than one effect applicable for a situation.)
1. New check written.
2. Recorded in general journal.
3. Petty cash voucher prepared.
4. Recorded in auxiliary petty cash record.
_____ a. Established petty cash.
_____ b. Paid $1,200 bill.
_____ c. Paid $3 for Band-Aids from petty cash.
_____ d. Paid $4 for stamps from petty cash.
_____ e. Paid electric bill, $270.
_____ f. Replenished petty cash.



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  • CreatedApril 24, 2014
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