Question: Can I please get some help for question number 2? I have some confusion and I need some help for problem. 6 Safari Flle Edit
Can I please get some help for question number 2? I have some confusion and I need some help for problem.

6 Safari Flle Edit View History Bookmarks Window Help 9 LIJ '7? 1mm- , O O O El] newconnectmheducationcom c Chap 6 Exercise 0 Saved Help Save A EX\" Submit Exerclse 6-6 Petty cash fund accounting LO P2 3333 Palmona Co. establishes a $200 petty cash fund on January 1. On January 8, the fund shows $38 In cash along with recelpts for the polnts following expenditures: postage. $74; transportation-In. $29: delivery expenses, $16; and miscellaneous expenses, $43. Palmona uses the perpetual system In accountan for merchandise Inventory. Preparejournll entries to (1) establish the fund on January 1. (2) reimburse it on January 8, and (3) both reimburse the fund and Skllmed increase it to $450 on January 8. assuming no entry in part 2. (Hint: Make two separate entries for part 3.) View transaction list eeook Journal entry worksheet 9.1 Prepare the journal entry to establish the Petty Cash fund. Prlnt Ref Noise: Enter denim before credits. erences Jan 01 Record entry olear entry View general journal
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
