Libby Company established a petty cash fund on January 2 by cashing a check for NT$3,500. During January, the following expenditures were paid out of the fund. The cashier handling the fund found that the amount left on January 31 was NT$350. The fund was replenished on January 31. Prepare the journal entries for the above transactions. January 3 14 19 23 29 Stamp... Freight-out Papers... Stationery Miscellaneous. $450 550 950 880 320

Libby Company established a petty cash fund on January 2 by cashing a check for NT$3,500. During January, the following expenditures were paid out of the fund. The cashier handling the fund found that the amount left on January 31 was NT$350. The fund was replenished on January 31. Prepare the journal entries for the above transactions. January 3 14 19 23 29 Stamp... Freight-out Papers... Stationery Miscellaneous. $450 550 950 880 320

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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