Prepare journal entries for each of the following: a. Issued a check to establish a petty cash

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Prepare journal entries for each of the following:

a. Issued a check to establish a petty cash fund of $1,270.

b. The amount of cash in the petty cash fund is $160. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $780, and miscellaneous selling expense, $280. Record any missing funds in the cash short and over account.

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Related Book For  answer-question

Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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