Assume that the Petty Cashier of a $700 petty cash fund has $40 in cash plus $660 in receipts at the end of the month The entry to mgeh (reimburse) the petty cash fund will include: A credit to Cash for $40 A debit to Cash for $40 A credit to Cash for $660 A debit to Cash for $660
Assume that the Petty Cashier of a $700 petty cash fund has $40 in cash plus $660 in receipts at the end of the month The entry to mgeh (reimburse) the petty cash fund will include: A credit to Cash for $40 A debit to Cash for $40 A credit to Cash for $660 A debit to Cash for $660
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter10: Accounting For Sales And Cash Receipts
Section: Chapter Questions
Problem 3AP
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