McAfee Safe Connect 0 (2) > Study M \\ (-) 08 Homework-A X?·Cengage ×\\MFW: 8-3

Question

McAfee Safe Connect 0 (2) > Study M (-) 08 Homework-A X?·Cengage ×MFW: 8-3 accountirxe Accounting quest 1 X ?× X), CengageNowv2 × - ? v cengagenow com rn takeAssignment take signmen Mando invoker: assignments&takeAssignmen; SessionLocator=assignment take inprogress-alse Ch 8-2 Practice Exercises Show Me How Calculator eBook Print Item Petty Cash Fund Prepare journal entries for each of the following. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued a check to establish a petty cash fund of $850 2. PE.08-03 ALGO 3. PE.08-04. ALGO b. The amount of cash in the petty cash fund is $290. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $327 and miscellaneous selling expense, $207. Record any missing funds in the cash short and over account. For a compound transaction, if an amount box does not require an entry, leave it blank. ? ? ? Show allX ^ accounting 8-2(1).pdf ^ accounting 8-2.pdf accounting 8.2.pdf O Type here to search 5:15 PM 4/17/2018

Explanation / Answer

Journal entry :

No Accounts & explanation debit credit a Petty cash 850      Cash 850 (To record petty cash established) b) Store supplies expense 327 Miscellaneous expense 207 Cash short and over 26      Cash 560 (To record replenishment)

Related Questions

Navigate

• Browse (All)
• Browse M
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.