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wddwdw wddwdw
wrote...
Posts: 337
5 years ago
Prepare the journal entries for the following petty cash transactions of Morrison Dental Supplies.

Aug. 1Established a petty cash fund with a $200 balance.
Aug. 31      The petty cash fund has $43 in cash and $154 in petty cash tickets there were issued to pay for Office Expense ($75) and Repair Expense ($79).  Replenished the fund and recorded the expenditures.
   Oct. 15Increased the balance of the petty cash fund to $250.
Textbook 
Horngren's Accounting

Horngren's Accounting


Edition: 11th
Authors:
Read 61 times
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Replies
wrote...
5 years ago
 
Aug. 1Petty Cash   200
   Cash200

Aug. 31Office Expense75
Repair Expense79
Cash Short & Over          3
    Cash157

Oct. 15Petty Cash      50
    Cash50
wddwdw Author
wrote...
5 years ago
Just confirmed the same answer from my friend, thanks
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