If, in exercise E8-2A, cash on hand was $13, prepare the entry to replenish the petty cash
Question:
If, in exercise E8-2A, cash on hand was $13, prepare the entry to replenish the petty cash on July 31.
Data From exercise E8-2A
In general journal form, prepare journal entries to establish a petty cash fund on July 2 and replenish it on July 31.
2018 July
2 A $100 petty cash fund is established.
31 At the end of the month, $12 cash plus the following paid vouchers exist: donations expense, $20; postage expense, $18; office supplies expense, $25; miscellaneous expense, $25.
Step by Step Answer:
2018 July 31 Donations Expense Postage ...View the full answer
College Accounting A Practical Approach
ISBN: 978-0134166698
13th Canadian edition
Authors: Jeffrey Slater, Debra Good
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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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