Volvo Company established a petty cash fund on June 1, cashing a check for 100. During June,
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Volvo Company established a petty cash fund on June 1, cashing a check for 100. During June, the petty cash receipts are as followed:
The fund was replenished on June 30, and the fund contained 45. On July 1, the company decided to increase the amount of the fund to 120. Prepare journal entries to record transactions during June 1 to July 1.
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Related Book For
Principles Of Financial Accounting IFRS Edition
ISBN: 9789814962605
3rd Edition
Authors: Earl K Stice, James D Stice, W Steve Albrecht, Monte R Swain, Rong-Ruey Duh, Audrey Wenhsin Hsu
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