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Category > Accounting Posted 29 Jul 2017 My Price 11.00

Petty Cash Fund

Exercise 6-6  Working Backward: Petty Cash Fund

Denison Corp. established a petty cash fund at the beginning of the current month. At the end of the month, the amount of coin and currency on hand was $65.50. Denison recorded the fol- lowing entry at the end of the current month to replenish the petty cash fund:

 

 

Jan. 31

Postage Expense

44.00

 

 

Delivery Expense

49.70

 

 

Entertainment Expense

22.40

 

 

Office Supplies Expense

66.20

 

 

Cash Over and Short

2.20

 

 

Cash

 

184.50

 

 

Required

 

To record replenishment of petty cash  fund.

 

Determine the amount of the check written at the beginning of the month to establish the fund.

 

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Maurice Tutor
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Status NEW Posted 29 Jul 2017 02:07 PM My Price 11.00

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