Question: Current Attempt in Progress Blue, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following
Current Attempt in Progress
Blue, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April.
On April it established a petty cash fund in the amount of $
A summary of the petty cash expenditures made by the petty cash custodian as of April when the balance in petty cash was $ is as follows.
The company uses a periodic inventory system.
The petty cash fund balance was increased $ to $ on April
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