90.2K

Verified Solution

Link Copied!

ory Palmone Company establishes a $130 petty cash funde asy 1 On January 8, the fund shows $21 in cash along with receipts for the following expenditures: postage. $46; transportation delivery expenses. $15; and miscellaneous expenses. $35. Polmona uses the perpetual system in accounting for merchandis 1. Prepare the entry to establish the fund on January 2. Prepare the entry to reimburse the fund on January two separate situations a. To reimburse the fund b. To reimburse the fund and increase it to $180. Mint Me two entries. View transaction to Journal entry worksheet Record the reimbursement of the petty cash fund. Note: the debitore credits Data General Journal Debit Credit January WT ory Palmone Company establishes a $130 petty cash funde asy 1 On January 8, the fund shows $21 in cash along with receipts for the following expenditures: postage. $46; transportation delivery expenses. $15; and miscellaneous expenses. $35. Polmona uses the perpetual system in accounting for merchandis 1. Prepare the entry to establish the fund on January 2. Prepare the entry to reimburse the fund on January two separate situations a. To reimburse the fund b. To reimburse the fund and increase it to $180. Mint Me two entries. View transaction to Journal entry worksheet Record the reimbursement of the petty cash fund. Note: the debitore credits Data General Journal Debit Credit January WT

Answer & Explanation Solved by verified expert

See Answer