InBeat CD Shop established a petty cash fund for $100. Instructions 1. In your working papers, record

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InBeat CD Shop established a petty cash fund for $100.

Instructions

1. In your working papers, record the entry to establish the petty cash fund on page 6 of a general journal.

2. Record the entry for replenishing the petty cash fund on page 10 of the general journal. There was $5 cash in the petty cash fund box on February 28.

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Glencoe Accounting First Year Course

ISBN: 9780078688294

1st Edition

Authors: Andrée Vary

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Question Posted: Jun 14, 2022 08:21 AM

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InBeat CD Shop established a petty cash fund for $100. Instructions 1. In your working papers, record

Question:

Date Transactions Feb. 1 Issued Check 112 for $100 to establish the petty cash fund. 28 Issued Check 146 to replenish the petty cash fund. Paid petty cash vouchers included Supplies, $40; Advertising Expense, $16; Maintenance Expense, $27; and Miscellaneous Expense, $12.

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Glencoe Accounting First Year Course

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