How to record the reimbursement of the fund at the end, Accounting Basics

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How to record the reimbursement of the fund at the end

The petty cash fund of the Brooks Agency is established at $150. At the end of the current period, the fund contained $28 and had the following receipts: film rentals, $24, refreshments for meetings, $46 (both expenditures to be classified as Entertainment Expense); postage, $30; and printing, $22.

Prepare journal entries to record reimbursement of the fund at the end of the current period.

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Accounting Basics: How to record the reimbursement of the fund at the end

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Accounting Basics: How to record the reimbursement of the fund at the end

Reference No:- TGS0687773

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Find the atomic mass of compound

Q : Choose the best interpretation of the hypothesis test

Q : What minimum mass of ore be processed to obtain phosphorus

Q : Loans are repaid at month''s end from any excess

Q : How to record the reimbursement of the fund at the end

Q : What is the meaning of manufacturing overhead

Q : Explain lead is found in earth crust as different lead ores

Q : Determine the total depreciation of all years combined

Q : Compute the equivalent units of production

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How to record the reimbursement of the fund at the end

Reference No:- TGS0687773

Recent Questions Asked Accounting Basics

Q : Find the atomic mass of compound

Q : Choose the best interpretation of the hypothesis test

Q : What minimum mass of ore be processed to obtain phosphorus

Q : Loans are repaid at month''s end from any excess

Q : How to record the reimbursement of the fund at the end

Q : What is the meaning of manufacturing overhead

Q : Explain lead is found in earth crust as different lead ores

Q : Determine the total depreciation of all years combined

Q : Compute the equivalent units of production

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