3. Joshane Company has petty cash fund with an imprest balance of 5,000. On the balance sheet date, the following items were seen on the petty cash drawer: Bills 80 Coins 60 Expense Receipts: Xerox 700 50 Stamps Food 120 Transportation 700 How much is the petty cash shortage or overage? Hou muoh ig tho halance of the Pethy Cash Fund?

3. Joshane Company has petty cash fund with an imprest balance of 5,000. On the balance sheet date, the following items were seen on the petty cash drawer: Bills 80 Coins 60 Expense Receipts: Xerox 700 50 Stamps Food 120 Transportation 700 How much is the petty cash shortage or overage? Hou muoh ig tho halance of the Pethy Cash Fund?

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....

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