The custodian presented to you the following: Currencies and coins A disbursement check payable to the custodian An officer's personal check accommodated by the fund Officer's check marked NSF Petty cash expense vouchers: 12/20 Transportation 12/24 Office repairs 12/27 Miscellaneous 1/3 Office supplies Unused postage stamps An enveloped marked "collections for charity with list of names and corresponding amounts contributed. There is no money inside the envelope. 1. What is the petty cash shortage, if there are any? a 3,860 b. 1,360 C. d. 3,360 2,860 10,940 15,600 4,000 2,000 1,500 900 2,100 1,600 500 2,500

The custodian presented to you the following: Currencies and coins A disbursement check payable to the custodian An officer's personal check accommodated by the fund Officer's check marked NSF Petty cash expense vouchers: 12/20 Transportation 12/24 Office repairs 12/27 Miscellaneous 1/3 Office supplies Unused postage stamps An enveloped marked "collections for charity with list of names and corresponding amounts contributed. There is no money inside the envelope. 1. What is the petty cash shortage, if there are any? a 3,860 b. 1,360 C. d. 3,360 2,860 10,940 15,600 4,000 2,000 1,500 900 2,100 1,600 500 2,500

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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