Prepare journal entries for each of the following. a) Issued a check to establish a petty cash
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Question:
Prepare journal entries for each of the following.
a) Issued a check to establish a petty cash fund of $600.
b) The amount of cash in the petty cash fund is $200. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $236 and miscellaneous selling expense, $148. Record any missing funds in the cash short and over account.
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1259066511
14th Canadian Edition
Authors: Larson Kermit, Jensen Tilly
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