Prepare the journal entries for the following petty cash transactions of Everly Gaming Supplies: Mar. 1 Established
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Mar. 1 Established a petty cash fund with a $250 balance.
31 The petty cash fund has $24 in cash and $235 in petty cash tickets that were issued to pay for Office Supplies ($35) and Entertainment Expense ($200). Replenished the fund and recorded the expenditures.
Apr. 15 Increased the balance of the petty cash fund to $300.
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Related Book For
Horngrens Financial And Managerial Accounting The Financial Chapters
ISBN: 9780134486840
6th Edition
Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura
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