A petty cash fund of 50,000 comprised of the following on June 30, 2021, the company's year- end Coins and currencies 1,400 Petty cash vouchers 30,500 Issued check to the order of one of the company's employees 18,000 What is the correct petty cash balance on June 30, 2021
A petty cash fund of 50,000 comprised of the following on June 30, 2021, the company's year- end Coins and currencies 1,400 Petty cash vouchers 30,500 Issued check to the order of one of the company's employees 18,000 What is the correct petty cash balance on June 30, 2021
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:A petty cash fund of 50,000 comprised of the following on June 30, 2021, the company's year-
end
Coins and currencies
1,400
Petty cash vouchers
30,500
Issued check to the order of one of the company's employees 18,000
What is the correct petty cash balance on June 30, 2021
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