Business, 17.04.2020 02:19 madisonsolis05
Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $47 in cash along with receipts for the following expenditures: transportation-in, $56; postage expenses, $56; and miscellaneous expenses, $156. The petty cashier could not account for a $5 shortage in the fund. The company uses the perpetual system in accounting for merchandise inventory. Prepare (1) the September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an October 1 entry to increase the fund to $390.
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Waupaca Company establishes a $320 petty cash fund on September 9. On September 30, the fund shows $...
Mathematics, 06.03.2020 23:06
Mathematics, 06.03.2020 23:06
Mathematics, 06.03.2020 23:06