Record the following transactions: • Started a petty cash fund in the amount of $400. DR [ Select ] * and CR [Select ] * for $400. • Replenished petty cash fund using the following expenses in this order: Auto $15, Office Expenses $20, Postage Expense $81, Miscellaneous Expenses $66. Cash on hand is $10. DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR or CR? [ Select ] [ Select ] [ Select ] CR [ Select ] [ Select ] • Decreased petty cash by $100. DR [ Select ] * and CR [Select ] * for $100.
Record the following transactions: • Started a petty cash fund in the amount of $400. DR [ Select ] * and CR [Select ] * for $400. • Replenished petty cash fund using the following expenses in this order: Auto $15, Office Expenses $20, Postage Expense $81, Miscellaneous Expenses $66. Cash on hand is $10. DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR or CR? [ Select ] [ Select ] [ Select ] CR [ Select ] [ Select ] • Decreased petty cash by $100. DR [ Select ] * and CR [Select ] * for $100.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Record the following transactions:
![V [ Select ]
Postage Expense
Petty Cash
Cash
Cash Over/Short
Cash Over/Short
Miscellaneous Expense
Office Expense
Auto Expense](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ba0bb6e-e2c2-4193-9e84-578f833b18f1%2Faf177611-12f3-4a80-93a1-79feb7763928%2Fwmyac2u_processed.png&w=3840&q=75)
Transcribed Image Text:V [ Select ]
Postage Expense
Petty Cash
Cash
Cash Over/Short
Cash Over/Short
Miscellaneous Expense
Office Expense
Auto Expense
![Record the following transactions:
• Started a petty cash fund in the amount of $400.
DR [ Select ]
* and CR [ Select ]
for $400.
• Replenished petty cash fund using the following expenses in this order: Auto $15, Office Expenses $20, Postage
Expense $81, Miscellaneous Expenses $66. Cash on hand is $10.
DR
[ Select ]
[
[ Select ]
DR
[ Select ]
[ Select ]
DR
[ Select ]
[ Select ]
DR
[ Select ]
[
[ Select ]
DR or CR?
[ Select ]
[
[ Select ]
[ Select ]
CR
[ Select ]
[
[ Select ]
• Decreased petty cash by $100.
DR [ Select ]
and CR [ Select ]
for $100.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0ba0bb6e-e2c2-4193-9e84-578f833b18f1%2Faf177611-12f3-4a80-93a1-79feb7763928%2F8kknj0c_processed.png&w=3840&q=75)
Transcribed Image Text:Record the following transactions:
• Started a petty cash fund in the amount of $400.
DR [ Select ]
* and CR [ Select ]
for $400.
• Replenished petty cash fund using the following expenses in this order: Auto $15, Office Expenses $20, Postage
Expense $81, Miscellaneous Expenses $66. Cash on hand is $10.
DR
[ Select ]
[
[ Select ]
DR
[ Select ]
[ Select ]
DR
[ Select ]
[ Select ]
DR
[ Select ]
[
[ Select ]
DR or CR?
[ Select ]
[
[ Select ]
[ Select ]
CR
[ Select ]
[
[ Select ]
• Decreased petty cash by $100.
DR [ Select ]
and CR [ Select ]
for $100.
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