Purdue Company maintains two checking accounts. A special imprest account is used for the weekly...
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Accounting
Purdue Company maintains two checking accounts. A special imprest account is used for the weekly payroll only, and the general account is used for all other disbursements. Every week, a check in the amount of the net payroll is drawn on the general account and deposited in the payroll account. The company maintains a $10,000 minimum balance in the payroll account. On a monthly bank reconciliation, the payroll account should
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You can see the logs in the Dashboard.