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Present entries to record the following transaction: a) Established a petty cash fund of $235. b) The petty cash fund now has a balance of $42.80. Replenished the fund, based on the following disburshments by the summary of the petty cash reciepts: Office supplies expense, $74.50; misc...
What is a petty cash transaction
Hi All, I am currently a student at college, I bought a used text book and the answer key has been torn out. I am currently studying for a text and can't seem to figure out several questions in the study guide. Can you help me? This is one of the questions If a firms $300 petty cash fund...
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
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