Genesis Company designated Alex Kidd as petty cash custodian and established a petty cash fund of $200.
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Genesis Company designated Alex Kidd as petty cash custodian and established a petty cash fund of $200. The fund is reimbursed when the cash in the fund is at $17. Petty cash receipts indicate funds were disbursed for office supplies $94 and miscellaneous expenses $87. Prepare journal entries for the establishment of the fund and the reimbursement.
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Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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