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College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
Edition 2ISBN: 978-0073396958 Exercise 45
Journalizing cash payments and recording petty cash transactions.
Rosa's Floral Arrangements, a retail business, started a $300 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30:
INSTRUCTIONS
1. Record the transaction to establish the petty cash fund on June 1 in a general journal. Use 8 as the page number.
2. Record all transactions on a petty cash analysis sheet. Use 1 as the page number.
3. Record the transaction to replenish the petty cash fund on June 30 in the general journal.
Analyze: What were the total payments from the petty cash fund in June?
Rosa's Floral Arrangements, a retail business, started a $300 petty cash fund on June 1. Below are descriptions of the transactions to establish the petty cash fund, disburse petty cash during June, and replenish the petty cash fund on June 30:
INSTRUCTIONS
1. Record the transaction to establish the petty cash fund on June 1 in a general journal. Use 8 as the page number.
2. Record all transactions on a petty cash analysis sheet. Use 1 as the page number.
3. Record the transaction to replenish the petty cash fund on June 30 in the general journal.
Analyze: What were the total payments from the petty cash fund in June?
Explanation
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Journalizing cash payments and recording...
College Accounting 2nd Edition by David Haddock, John Price,Michael Farina
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