Prepare the journal entries for the following petty cash transactions of Morrison Dental Supplies. Aug. 1 Established
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Prepare the journal entries for the following petty cash transactions of Morrison Dental Supplies.
Aug. 1 | Established a petty cash fund with a $200 balance. |
Aug. 31 | The petty cash fund has $43 in cash and $154 in petty cash tickets there were issued to pay for Office Expense ($75) and Repair Expense ($79). Replenished the fund and recorded the expenditures. |
Oct. 15 | Increased the balance of the petty cash fund to $250. |
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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