The Petty Cash Fund of Joy Manufacturing at the end of the fiscal year ended December 31, 2016 is composed of the following: Currencies P3,800 Coins 1,200 Paid vouchers for Office Supplies 1,750 Postage stamps 2,000 Loans to employees 6,000 Customer's check returned by bank marked NSF 2,750 Check payable to an employee dated 1/5/17 4,000 How much is the correct balance of petty cash
The Petty Cash Fund of Joy Manufacturing at the end of the fiscal year ended December 31, 2016 is composed of the following: Currencies P3,800 Coins 1,200 Paid vouchers for Office Supplies 1,750 Postage stamps 2,000 Loans to employees 6,000 Customer's check returned by bank marked NSF 2,750 Check payable to an employee dated 1/5/17 4,000 How much is the correct balance of petty cash
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![The Petty Cash Fund of Joy Manufacturing at the end of the fiscal year
ended December 31, 2016 is composed of the following:
Currencies
P3,800
Coins
1,200
Paid vouchers for
Office Supplies
1,750
Postage stamps
2,000
Loans to employees
6,000
Customer's check returned by bank marked NSF
2,750
Check payable to an employee dated 1/5/17
4,000
How much is the correct balance of petty cash](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fb120ad4a-842f-4538-af46-5cd0a304a0bd%2F679e9284-9723-4e13-965c-ea86689b62e0%2Fzwqy8qy_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Petty Cash Fund of Joy Manufacturing at the end of the fiscal year
ended December 31, 2016 is composed of the following:
Currencies
P3,800
Coins
1,200
Paid vouchers for
Office Supplies
1,750
Postage stamps
2,000
Loans to employees
6,000
Customer's check returned by bank marked NSF
2,750
Check payable to an employee dated 1/5/17
4,000
How much is the correct balance of petty cash
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