BrightLight Corporation's petty cash shows opening balance $2,000, reimbursements $8,000, and payments $7,500. Calculate the closing petty cash balance.
BrightLight Corporation's petty cash shows opening balance $2,000, reimbursements $8,000, and payments $7,500. Calculate the closing petty cash balance.
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter9: Accounting For Purchases And Cash Payments
Section: Chapter Questions
Problem 4AP
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
Transcribed Image Text:BrightLight Corporation's petty cash shows
opening balance $2,000, reimbursements
$8,000, and payments $7,500. Calculate
the closing petty cash balance.
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