Question: If in Exercise 6A-2 cash on hand is $16, prepare the entry to replenish the petty cash on March 31. In Exercise 6A-2 March 1
If in Exercise 6A-2 cash on hand is $16, prepare the entry to replenish the petty cash on March 31.
In Exercise 6A-2
March 1 A $102 petty cash fund is established.
31 At the end of the month, $22 cash plus the following paid vouchers exist: donations expense, $18; postage expense, $17; office supplies expense, $25; miscellaneous expense, $20.
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