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ACC 1135 prepared by Am Parsons for ind e nly FAIL Chapter 8 Internal Controls...

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ACC 1135 prepared by Am Parsons for ind e nly FAIL Chapter 8 Internal Controls - Theory Credit Card Transaction Petty Cash Transactions Bank Reconciliation's including journal entries Practice Questions: Petty Cash SATLY has a petty cash of $400. On February 28" it has $98 remaining and the following receipts: Office Supplies S200 Postage $100 a. Prepare the journal entry required to record the replenishment of the petty cash fund. Date Account PR Debit Credit b) Prepare the journal entry to increase the petty cash fund from 5400 to $500. Date Account PR Debit Credit c) Prepare the journal entry to decrease the petty cash fund from $500 to $300. Date Account PR Debit Credit

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