Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. please answer the question and its different days

Please answer the question and its different days in the same manner \begin{tabular}{ll} \hline...

60.1K

Verified Solution

Question

Accounting

Please answer the question and its different days in the same mannerimage

\begin{tabular}{ll} \hline Feb. 1 & Established a petty cash fund with a $150 balance. \\ Feb. 28 & Thepettycashfundhas$14incashand$145inpettycashticketsthatwereissuedtopayforOfficeSupplies($15)andEntertainmentExpense($130).Replenishedthefundandrecordedtheexpenses.Mar.15 Increased the balance of the petty cash fund to $250. \end{tabular} Prepare journal entries. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Journalize the establishment of the petty cash fund

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