Petty Cash Fund Entries Journalize the entries to record the following: Check is issued to establish a petty cash fund of $600. The amount of cash in the petty cash fund is now $198. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $233; miscellaneous selling expense, $96; miscellaneous administrative expense, $60. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $600, record the discrepancy in the cash short and over account.) a. Journalize the entry to establish the petty cash fund. fill in the blank b45865f5d05b007_2 fill in the blank b45865f5d05b007_4 b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank.
Petty Cash Fund Entries Journalize the entries to record the following: Check is issued to establish a petty cash fund of $600. The amount of cash in the petty cash fund is now $198. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $233; miscellaneous selling expense, $96; miscellaneous administrative expense, $60. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $600, record the discrepancy in the cash short and over account.) a. Journalize the entry to establish the petty cash fund. fill in the blank b45865f5d05b007_2 fill in the blank b45865f5d05b007_4 b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Petty Cash Fund
Journalize the entries to record the following:
- Check is issued to establish a petty cash fund of $600.
- The amount of cash in the petty cash fund is now $198. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $233; miscellaneous selling expense, $96; miscellaneous administrative expense, $60. (Because the amount of the check to replenish the fund plus the balance in the fund do not equal $600, record the discrepancy in the cash short and over account.)
a. Journalize the entry to establish the petty cash fund.
fill in the blank b45865f5d05b007_2 | |||
fill in the blank b45865f5d05b007_4 |
b. Journalize the entry to replenish the petty cash fund. For a compound transaction, if an amount box does not require an entry, leave it blank.
fill in the blank 44236403e05a042_2 | fill in the blank 44236403e05a042_3 | ||
fill in the blank 44236403e05a042_5 | fill in the blank 44236403e05a042_6 | ||
fill in the blank 44236403e05a042_8 | fill in the blank 44236403e05a042_9 | ||
fill in the blank 44236403e05a042_11 | fill in the blank 44236403e05a042_12 | ||
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