Prepare journal entries for each of the following: a. Issued a check to establish a petty cash
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a. Issued a check to establish a petty cash fund of $400.
b. The amount of cash in the petty cash fund is $85. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $180 and miscellaneous selling expense, $110. Record any missing funds in the cash short and over account.
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Related Book For
Accounting
ISBN: 978-0324401844
22nd Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
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