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Prepare journal entries for the following petty cash fund transactions: Sept. 1Establishe

Prepare journal entries for the following petty cash fund transactions:

Sept. 1Established a $100 petty cash fund.

30Replenished the petty cash fund. Currency and coins remaining was $28;

approved paid vouchers were: $12 donation expense; $18 postage; $24 office

supplies expense; and $26 miscellaneous expense.

 

40) Prepare journal entries for the following petty cash fund transactions:

 

Nov. 1Established a $50 petty cash fund.

15Increased the petty cash fund to have a new balance of $100.

30Replenished the petty cash fund. Currency and coins remaining were $30.

 Approved paid vouchers were: $10 donation expense; $16 postage expense;

 $30 office supplies expense; and $20 misc. expense.

41) Produce the entry to replenish petty cash using the following information:

Cash in box $20

Balance of petty cash account 200

Valid receipts in box

Postage 45

Office Supplies60

Withdrawals by owner50

Invoice from courier20

Cash shortage5

Dec 06 2019 Read more Less More

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