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

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

FINANCIAL ACCOUNTING
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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QUESTION 13 The Sears company had the following business transactions during December: Required: Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below. 8. v Sold merchandise on credit for $12,000 to Jufair Company. The cost A. Sales journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. B. Purchases joumal C. Cash Payment journal 167. Cv Purchased merchandise on credit for $3,500 from Juffair Company, D.Cash Receipt journal terms 3/15, n/60. D. Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. Av Paid the amount owed to ABC Company. Check No. 187. QUESTION 14 Hawk Company establishes a $350 petty cash fund on Septomber 9. The journal entry to establish the fund is O Dr potty cash account and Cr 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 expense account and Cr petty cash account 350
Transcribed Image Text:QUESTION 13 The Sears company had the following business transactions during December: Required: Match the appropriate special journals with the business transactions. Write the correct letter from the special journal in the table below. 8. v Sold merchandise on credit for $12,000 to Jufair Company. The cost A. Sales journal of the goods sold is $4,000. Credit terms 2/10, n/30. Invoice No. B. Purchases joumal C. Cash Payment journal 167. Cv Purchased merchandise on credit for $3,500 from Juffair Company, D.Cash Receipt journal terms 3/15, n/60. D. Sold merchandise for $1,000 cash to CAR corp., Invoice No. 145. The cost of the goods sold is $400. Av Paid the amount owed to ABC Company. Check No. 187. QUESTION 14 Hawk Company establishes a $350 petty cash fund on Septomber 9. The journal entry to establish the fund is O Dr potty cash account and Cr 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 expense account and Cr petty cash account 350
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