A. Started a petty cash fund in the amount of $450. B. Replenished petty cash fund using the following expenses: Auto Expense $24, Office Expense $45, Postage Expense $66, Miscellaneous Expense $69. Cash on hand is $246. C. Increased petty cash by $100. Record these transactions. If an amount box does not require an entry, leave it blank. A. B.

A. Started a petty cash fund in the amount of $450. B. Replenished petty cash fund using the following expenses: Auto Expense $24, Office Expense $45, Postage Expense $66, Miscellaneous Expense $69. Cash on hand is $246. C. Increased petty cash by $100. Record these transactions. If an amount box does not require an entry, leave it blank. A. B.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Subject: accounting
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Prepare journal entries for each of the following: Question Content Area a. Issued a check to establish a petty cash fund of $550. If an amount box does not require an entry, leave it blank. blank - Select - - Select - - Select - - Select - Question Content Area b. The amount of cash in the petty cash fund is $180. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $215 and miscellaneous selling expense, $137. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank.
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H1. Account
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