FINANCIAL & MANAGERIAL ACCOUNTING (LL)(W
FINANCIAL & MANAGERIAL ACCOUNTING (LL)(W
9th Edition
ISBN: 9781265464103
Author: Wild
Publisher: MCG
Question
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Chapter 6, Problem 9E

(1)

To determine

Concept Introduction:

Petty cash fund: The establishment of a petty cash fund requires an estimation of small payments expected to be incurred during a short period usually within a month. A check is drawn by the company cashier for an amount equivalent to the estimation.

The entry to establish the fund.

(2)

To determine

Concept Introduction:

Petty cash fund: The establishment of a petty cash fund requires the estimation of small payments expected to be incurred during a short period usually within a month. A check is drawn by the company cashier for an amount equivalent to the estimation.

The entry to reimburse the fund.

(3).

To determine

Concept Introduction:

Petty cash fund: The establishment of a petty cash fund requires an estimation of small payments expected to be incurred during a short period usually within a month. A check is drawn by the company cashier for an amount equivalent to the estimation.

The entry to increase the fund.

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