The petty cash fund of Teasdale's Auto Repair Service, a sole proprietorship, contains the following. The general

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The petty cash fund of Teasdale's Auto Repair Service, a sole proprietorship, contains the following.

1. Coins and currency 2. Postage stamps 3. An I.O.U. from Richie Cunningham, an employee, for cash advance 4. Check paya

The general ledger account Petty Cash has a balance of $300.
Instructions
Prepare the journal entry to record the reimbursement of the petty cash fund.

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Intermediate Accounting IFRS

ISBN: 978-1119372936

3rd edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

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Question Posted: Nov 23, 2017 08:26 AM

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The petty cash fund of Teasdale's Auto Repair Service, a sole proprietorship, contains the following. The general

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Accounts ReceivableEmployees 4000 3400 740...View the full answer

Intermediate Accounting IFRS

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