Principles of Accounting Volume 1
19th Edition
ISBN: 9781947172685
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 8, Problem 3EA
Record the following transactions:
A. Started a petty cash fund in the amount of $300.
B. Replenished petty cash fund using the following expenses: Auto $69, Office Expenses $77, Postage Expense $56, Miscellaneous Expenses $98. Cash on hand is $6.
C. Increased petty cash by $60.
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Record the following transactions:
Started a petty cash fund in the amount of $300.
Replenished petty cash fund using the following expenses: Auto $18, Office Expenses $35, Postage Expense $56, Miscellaneous Expenses $67. Cash on hand is $124.
Increased petty cash by $50.
A. Started a petty cash fund in the amount of $300.B. Replenished petty cash fund using the following expenses: Auto Expense $75, Office Expense $80, Postage Expense $90, Miscellaneous Expense $55. Cash on hand is $8.C. Increased petty cash by $50.
Record these transactions. If an amount box does not require an entry, leave it blank.
1. Record the following transactions:Started a petty cash fund in the amount of $300.Replenished petty cash fund using the following expenses: Auto $18, Office Expenses $35, Postage Expense $56, Miscellaneous Expenses $67. Cash on hand is $124.Increased petty cash by $50.
Chapter 8 Solutions
Principles of Accounting Volume 1
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