Dubois Company uses a voucher system along with a petty cash fund. Record each of the following
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Dubois Company uses a voucher system along with a petty cash fund. Record each of the following entries in general journal form. Assume that Dubois Company records all vouchers at gross.
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202X May 11. Purchased $900 of merchandise on account from Green Company; voucher no. 147 was prepared; terms 2/10, n/30. 14 Voucher no. 148 was prepared to establish petty cash for $70. 16 Issued check no. 63 in payment of voucher no. 147. 17 Check no. 64 was issued to pay voucher no. 148. 27 Voucher no. 149 was prepared to replenish the petty cash fund from the following receipts: supplies, $18; delivery, $23.
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202X May 11 Purchases 14 16 17 27 Vouchers Payable Green ...View the full answer
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Related Book For
College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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