A. Started a petty cash fund in the amount of $450. B. Replenished petty cash fund using the following expenses: Auto Expense $22, Office Expense $41, Postage Expense $24, Miscellaneous Expense $35. Cash on hand is $328. C. The company has decided to reduce the petty cash fund to $250. Record these transactions. If an amount box does not require an entry, leave it blank

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A. Started a petty cash fund in the amount of $450.
B. Replenished petty cash fund using the following expenses: Auto Expense $22, Office Expense $41, Postage Expense $24, Miscellaneous Expense $35. Cash on hand is $328.
C. The company has decided to reduce the petty cash fund to $250.

Record these transactions. If an amount box does not require an entry, leave it blank.

 

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