On April 2, Granger Sales decides to establish a petty cash fund of $125 to ease the
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Question:
On April 2, Granger Sales decides to establish a petty cash fund of $125 to ease the Accounting burden.
(a) Record in the journal the establishment of the fund.
(b) On April 10, the petty cash fund has mail receipts and postage of $43.50, contributions and donations of? $29.50, meals and entertainment $38.25 and $13.55 cash. Record in the journal the replenishment of the fund.
(c) On April 11, Granger Sales decides to increase petty cash to $200.
Publish this event in a journal.
Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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