Question

Nathan Company uses a voucher system along with a petty cash fund. Record each of the following entries in general journal form. Assume that Nathan Company records all vouchers at gross:
201X
Aug. 8 Purchased $1,000 of merchandise from Grady Company; voucher no. 149 was prepared; terms 2/10, n/30.
9 Voucher no. 150 was prepared to establish petty cash for $90.
11 Issued check no. 57 in payment of voucher no. 149.
12 Check no. 58 was issued to pay voucher no. 150.
24 Voucher no. 151 was prepared to replenish the petty cash fund from the following receipts: supplies, $20; delivery, $40.



$1.99
Sales0
Views68
Comments0
  • CreatedApril 24, 2014
  • Files Included
Post your question
5000