Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was lasreimbursed on November 30. At the end of December, the fund contained the following petty cash receipts:December 4December 7December 12December 18Freight charge for merchandise purchasedDelivery charge for shipping to customerPurchase of office suppliesDonation to charitable organization$ 48$ 72$ 37$ 56If, in addition to these receipts, the petty cash fund contains $275.50 of cash, the journal entry to reimburse the fund on December 31 willinclude

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was las reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4 December 7 December 12 Freight charge for merchandise purchased Delivery charge for shipping to customer Purchase of office supplies December 18 Donation to charitable organization $ 48 $ 72 $ 37 $ 56 If, in addition to these receipts, the petty cash fund contains $275.50 of cash, the journal entry to reimburse the fund on December 31 will include

Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was las reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4 December 7 December 12 Freight charge for merchandise purchased Delivery charge for shipping to customer Purchase of office supplies December 18 Donation to charitable organization $ 48 $ 72 $ 37 $ 56 If, in addition to these receipts, the petty cash fund contains $275.50 of cash, the journal entry to reimburse the fund on December 31 will include

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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