Dona Company uses a voucher system along with a petty cash fund. Record each of the following
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Dona Company uses a voucher system along with a petty cash fund. Record each of the following entries in journal entry form. Assume that Dona Company records all vouchers at gross.
201X
Feb. 9 Purchased $550 0f merchandise on account from Glow Company; voucher no. 146 was prepared; terms 2/10, n/30.
14 Voucher no. 147 was prepared to establish petty cash for $115.
16 Issued check no. 60 in payment of voucher no. 146.
21 Check no. 61 was issued to pay voucher no. 147.
27 Voucher no. 148 was prepared to replenish the petty cash fund from the following receipts: supplies, $20; delivery, $28.
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College Accounting A Practical Approach Chapters 1-25
ISBN: 9780133791006
13th Edition
Authors: Jeffrey Slater
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