Finman plc designated Jill Holland as petty cash custodian and established a petty cash fund of 200.

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Finman plc designated Jill Holland as petty cash custodian and established a petty cash fund of £200. The fund is reimbursed when the cash in the fund is at £15. Petty cash receipts indicate funds were disbursed for office supplies £94 and miscellaneous expense £87. Prepare journal entries for the establishment of the fund and the reimbursement.

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Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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