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Record transactions in general journal form (petty cash fund)
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Hello, everyone. The finals are coming up in two weeks and there is one assignment I'm not sure if I did it right. Would be awsome if anyone could help me. A company established a petty cash fund of $100 on August 1. On August 12, the petty cash fund was replenished when there was $16...
Petty cash
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What is the transaction for petty cash? :confused: Paid petty cash 102.23 Factory supply 25.07 Sales supplies 14.73 Factory miscellaneous expense 21.00 Sales miscellaneous expense 22.35 Administrative miscellaneous expense 19.08
Petty cash fund
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I need to decrease a petty cash fund from $200 to $75, I have a current balance of $45 petty cash payment in receipts and $165 in currency. What entry will I use to eliminate the fund? 1. debit to cash short and over for $10 2. Debit ti cash for $90 3. Debit to miscellaneous expenses for $35... View more questions Search
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