E7.7 (LO 3) AP Kris Allen Company established a petty cash fund on May 1, cashing...
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E7.7 (LO 3) AP Kris Allen Company established a petty cash fund on May 1, cashing a cheque for $150. The company replenished the fund on June 1 and July 1 with the following results. June 1: Cash in fund, $4.75 Receipts: Delivery expense Postage expense Travel expense July 1: Cash in fund, $3.25 Receipts: Delivery expense Entertainment expense Supplies On July 10, Kris Allen increased the fund from $150 to $200. $31.25 39.00 62.00 $31.00 71.00 44.75 Instructions Prepare journal entries for Kris Allen Company for May 1, June 1, July 1, and July 10. E7.7 (LO 3) AP Kris Allen Company established a petty cash fund on May 1, cashing a cheque for $150. The company replenished the fund on June 1 and July 1 with the following results. June 1: Cash in fund, $4.75 Receipts: Delivery expense Postage expense Travel expense July 1: Cash in fund, $3.25 Receipts: Delivery expense Entertainment expense Supplies On July 10, Kris Allen increased the fund from $150 to $200. $31.25 39.00 62.00 $31.00 71.00 44.75 Instructions Prepare journal entries for Kris Allen Company for May 1, June 1, July 1, and July 10.
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June 1 Cash in Hand 475 Receipts in Hand Delivery Exp 3125 Postage Exp 7100 T... View the full answer
Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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