Horngren's Accounting (12th Edition)
Horngren's Accounting (12th Edition)
12th Edition
ISBN: 9780134486444
Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura
Publisher: PEARSON
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Chapter 8, Problem P8.26APGA
To determine

Requirement 1:

The Cash balance in Petty cash fund on June30.

To determine

Requirement 2:

Journal entries for establishment and replenishment of fund is made.

To determine

Requirement 3:

The Journal entry to increase the fund balance to $325.

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Vista Market Store's daily register records an opening float of $250. During the day, the store made $3,120 in cash sales and $4,500 in credit card sales, while processing $180 in returns. Based on these transactions, calculate the expected cash amount in the register at the end of the day.
Can you help me solve this general accounting question using the correct accounting procedures?

Chapter 8 Solutions

Horngren's Accounting (12th Edition)

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