Essay
Prepare journal entries for the following petty cash fund transactions:
Aug. 1 Established a $50 petty cash fund.
31 Replenished the petty cash fund. Currency and coins remaining were $8.
Approved paid vouchers were $6 donation expense, $9 postage expense,
$12 office supplies expense, and $13 miscellaneous expense.
Correct Answer:
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Aug.1 Petty Cash 50
Cash 50
Au...View Answer
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Correct Answer:
Verified
Cash 50
Au...
View Answer
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