Record the following transactions: A. Started a petty cash fund in the amount of $500. B. Replenished
Question:
Record the following transactions:
A. Started a petty cash fund in the amount of $500.
B. Replenished petty cash fund using the following expenses: Auto $24, Office Expenses $43, Postage Expense $19, Miscellaneous Expenses $25. Cash on hand is $389.
C. The company has decided to reduce the petty cash fund to $300.
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Date Particulrs Debit Credit a Petty cash Fund 500 Cash 500 s...View the full answer
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Related Book For 
Principles Of Accounting Volume 1 Financial Accounting
ISBN: 9781593995942
1st Edition
Authors: Mitchell Franklin, Patty Graybeal, Dixon Cooper, OpenStax
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