Record the following transactions: A. Started a petty cash fund in the amount of $260. B. Replenished
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Record the following transactions:
A. Started a petty cash fund in the amount of $260.
B. Replenished petty cash fund using the following expenses: Auto $15, Office Expenses $20, Postage Expense $81, Miscellaneous Expenses $104. Cash on hand is $37.
C. Increased petty cash by $80.
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Required journal entries are Date Account titles Debit Credit 1 Pett...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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