Francis Company prepared the following journal entries for the transactions about petty cash funds. Required: 1. What

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Francis Company prepared the following journal entries for the transactions about petty cash funds.

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Required:
1. What was the size of the petty cash fund?
2. What was the amount left before replenishing the fund?

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Principles Of Financial Accounting IFRS Edition

ISBN: 9789814962605

3rd Edition

Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu

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Question Posted: Apr 17, 2024 09:01 AM

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Francis Company prepared the following journal entries for the transactions about petty cash funds. Required: 1. What

Question:

January 2 Petty Cash. 3,000 Cash.. 3,000 January 31 Postage Expense 350 Freight-out 550 Office Supplies 1,300 Miscellaneous Expense 320 Cash.... 2,520

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Principles Of Financial Accounting IFRS Edition

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