Lavender Corporation established a petty cash fund of $350. The fund is reimbursed when the cash...
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Lavender Corporation established a petty cash fund of $350. The fund is reimbursed when the cash in the fund is at $25. Petty cash receipts indicate funds were disbursed for office supplies of $127 and miscellaneous expenses of $92. In addition, the fund contained I.O.U.'s from employees totaling $103. Prepare the journal entry or entries required to reimburse the fund. Lavender Corporation established a petty cash fund of $350. The fund is reimbursed when the cash in the fund is at $25. Petty cash receipts indicate funds were disbursed for office supplies of $127 and miscellaneous expenses of $92. In addition, the fund contained I.O.U.'s from employees totaling $103. Prepare the journal entry or entries required to reimburse the fund.
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Related Book For
Intermediate Accounting IFRS
ISBN: 9781119607519
4th Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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