3. Joshane Company has petty cash fund with an imprest balance of 5,000. On the balance sheet date, the following items were seen on the petty cash drawer: Bills 80 Coins 60 Expense Receipts: Xerox 700 50 Stamps Food 120 Transportation 700 How much is the petty cash shortage or overage? Hou muoh ig tho halance of the Pethy Cash Fund?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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How much is the petty cash shortage or overage? How much is the balance of the Petty cash fund ?
3. Joshane Company has petty cash fund with an imprest balance of 5,000. On the
balance sheet date, the following items were seen on the petty cash drawer:
Bills
80
Coins
60
Expense Receipts:
Xerox
700
50
Stamps
Food
120
Transportation
700
How much is the petty cash shortage or overage?
How much is the balance of the Petty Cash Fund?
Activity #3: Check-Mate!
Cs starnod with Camicanner
Transcribed Image Text:3. Joshane Company has petty cash fund with an imprest balance of 5,000. On the balance sheet date, the following items were seen on the petty cash drawer: Bills 80 Coins 60 Expense Receipts: Xerox 700 50 Stamps Food 120 Transportation 700 How much is the petty cash shortage or overage? How much is the balance of the Petty Cash Fund? Activity #3: Check-Mate! Cs starnod with Camicanner
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