Chase Company, an auto repair shop, established a $200 change fund on March 1. On March 2,
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Chase Company, an auto repair shop, established a $200 change fund on March 1. On March 2, the cash on hand at the end of the day was $856.75. Prepare the necessary journal entries for March 1 and March 2.
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Related Book For
College Accounting
ISBN: 1986
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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