Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is:O Dr petty cash expense account and Cr petty cash account, 350Dr petty cash account and Cr petty cash expense account, 350Dr cash account and Cr petty cash account, 350Dr petty cash account and Cr cash account; 350

Lets understand the meaning of petty cash. Petty cash is a established to pay small amount of daily…

Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is O Dr petty cash expense account and Cr petty cash account, 350 O Dr petty cash account and Cr petty cash expense account, 350 O Dr cash account and Cr petty cash account, 350 O Dr petty cash account and Cr cash account 350

Hawk Company establishes a $350 petty cash fund on September 9. The journal entry to establish the fund is O Dr petty cash expense account and Cr petty cash account, 350 O Dr petty cash account and Cr petty cash expense account, 350 O Dr cash account and Cr petty cash account, 350 O Dr petty cash account and Cr cash account 350

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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