Problem: 4 Maple Dental Clinic's petty cash fund is $1,000. The fund shows receipts for: supplies $320, postage $145, and cleaning $275. If the actual cash count is $248, Find the cash shortage or overage.

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....
icon
Related questions
Question

Helpl

Problem: 4
Maple Dental Clinic's petty cash fund is $1,000. The fund
shows receipts for: supplies $320, postage $145, and cleaning
$275. If the actual cash count is $248, Find the cash shortage
or overage.
Transcribed Image Text:Problem: 4 Maple Dental Clinic's petty cash fund is $1,000. The fund shows receipts for: supplies $320, postage $145, and cleaning $275. If the actual cash count is $248, Find the cash shortage or overage.
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 1
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College