On March 7, Betty decided to use a petty cash fund for her small business....

60.1K

Verified Solution

Question

Accounting

On March 7, Betty decided to use a petty cash fund for her small business. A check of 135 was issued and cashed the 135 cash was given to the store supervisor, who was to act as Petty Cashier .the petty cashier was told to Obtain authorized vouches for all payments Petty Cash was to be replenished with the balance in the cash box reached 22.
image
image
image
a) Record the establishment of the fund on March 7. b) On March 19, this summary was prepared: Prepare the entry to replenish the petty cash. c) On March 23, it was deoded to increase the amount of the petty cash fund from $135 to $200. A check of $65 was issued. Record the transaction Do not enter dollar signs or commas in the input boxes. b) Enter the debit accounts in alphabetical order. Enter the debit accounts in alphabetical order

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students