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Katyanochek1 [597]
3 years ago
11

The last custodian of the petty cash fund was hospitalized and you have been asked to take stock of the fund and replenish it. W

hen you receive the fund, it has $299 in cash and receipts as follows:
Office supplies $295
Advertising 120
Transportation by Taxi 75

The petty cash fund established to have $800 in it,
Based on what you have found, what journal entry should be recorded to replenish the fund?
Business
1 answer:
Arlecino [84]3 years ago
5 0

Answer:

                               General Journal

Accounts Titles and Explanation          Debit     Credit

Office supplies                                        $295

Advertising expense                               $120

Transportation expense                          $75

<em>Cash short and over                                $11 </em>

Cash ($800 - $299)                                                 $501

(Being replenishment of fund recorded)

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Answer:

TRUE

Explanation:

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At a volume of 5,000 units, Pwerson Company incurred $32,000 in factory overhead costs, including $14,000 in fixed costs. If vol
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Answer:

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4 0
3 years ago
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