ACCOUNTING PRINCIPLES 122 5/16 >C<
ACCOUNTING PRINCIPLES 122 5/16 >C<
17th Edition
ISBN: 9781323461471
Author: Horngren
Publisher: PEARSON C
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Chapter 8, Problem E8.16E
To determine

Introduction:

Petty Cash: Petty cash is the account in which small amount of cash is kept to meet the small day-to-day expenses that occur in an organisation.

Requirement 1

To calculate: Journal entry to create the petty cash fund

To determine

Requirement 2

To calculate: Journal entry to replenish the petty cash fund

To determine

Requirement 3

To calculate: Journal entry to decrease the petty cash fund balance to $130.

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