Question: On April 1, Java Brewers created a petty cash fund starting with $100. On April 30, there was only $5 remaining in the petty cash
On April 1, Java Brewers created a petty cash fund starting with $100. On April 30, there was only $5 remaining in the petty cash box. The custodian of the fund presented the following vouchers to the company accountant: Supplies of $55 and Delivery Expenses of $40. The journal entry on April 30, to replenish the fund, would be: George's Grocers keeps a $100 change fund in its cash register. The cash sales per the cash register tape on January 30 were $405. The cash count was $502. Identify the correct journal entry below to record the sales and cash overage (or shortage) for January 30
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
