Nosh Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of July. July Established the petty cash fund by writing a check payable to the petty cash 1 custodian for 200. Replenished the petty cash fund by writing a check for 175. On this date, the July fund consisted of 25 in cash and these petty cash receipts: freight-out 74.40, 15 entertainment expense 36, postage expense 33.70, and miscellaneous expense 27.50. July 16 July 31 Increased the amount of the petty cash fund to 400 by writing a check for 200. Replenished the petty cash fund by writing a check for 283. On this date, the fund consisted of 117 in cash and these petty cash receipts: postage expense 145, entertainment expense 90.60, and freight-out 46.40.

Nosh Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of July. July Established the petty cash fund by writing a check payable to the petty cash 1 custodian for 200. Replenished the petty cash fund by writing a check for 175. On this date, the July fund consisted of 25 in cash and these petty cash receipts: freight-out 74.40, 15 entertainment expense 36, postage expense 33.70, and miscellaneous expense 27.50. July 16 July 31 Increased the amount of the petty cash fund to 400 by writing a check for 200. Replenished the petty cash fund by writing a check for 283. On this date, the fund consisted of 117 in cash and these petty cash receipts: postage expense 145, entertainment expense 90.60, and freight-out 46.40.

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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