Record the following petty cash transactions of Apex, Inc., in the journal; explanations are not required. Sep

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Record the following petty cash transactions of Apex, Inc., in the journal; explanations are not required.

Sep 1 Established a petty cash fund with a $250 balance

30 The petty cash fund had $56 in cash and $187 in petty cash tickets that were issued to pay for office supplies

($112) and entertainment expense ($75). Replenished the fund.

30 Increased the petty cash fund balance to $300

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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