Solved

Journalize the Entries to Record the Following

Question 102

Essay

Journalize the entries to record the following:
Sept 1 Established a petty cash fund of $350
Sept 30 The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage $100.
Record any discrepancy in the cash short and over account.
Journal
Journalize the entries to record the following: Sept 1 Established a petty cash fund of $350 Sept 30 The amount of cash in the petty cash fund is now $130. The fund is replenished based on the following receipts: office supplies, $116; postage $100. Record any discrepancy in the cash short and over account. Journal

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: Cash equivalents include<br>A) checks<br>B) coins and currency<br>C)

Q29: In preparing a bank reconciliation, the amount

Q41: The amount of the outstanding checks is

Q98: Distinguish preventive controls from detective controls and

Q99: The term cash includes<br>A) coins, currency (paper

Q100: Sarbanes-Oxley requires companies to maintain strong and

Q101: For strong internal control system over cash,

Q103: Cash equivalents are short -term investments that

Q106: The sum of the money on hand

Q107: In the normal operation of business you