On March 20, Concord's petty cash fund of $109 is replenished when the fund contains $15...
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On March 20, Concord's petty cash fund of $109 is replenished when the fund contains $15 in cash and receipts for postage $49, freight-out $12, and travel expense $28. Prepare the journal entry to record the replenishment of the petty cash fund. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 20 Debit Credit On March 20, Concord's petty cash fund of $109 is replenished when the fund contains $15 in cash and receipts for postage $49, freight-out $12, and travel expense $28. Prepare the journal entry to record the replenishment of the petty cash fund. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Mar. 20 Debit Credit
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Petty Cash Fund balance target 109 Petty Cash on hand ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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