Prepare the journal entry to replenish the fund at the end, Accounting Basics

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Prepare the journal entry to replenish the fund at the end

The petty cash fund of Ricco's Automotive contained the following items at the end of September 2011:

currency and coins = $58
receipts for the following expenditures:
delivery charges = $16
printer paper = $11
paper clips and rubber bands = $8
an I.O.U. from an employee = $25
Postage = $32
TOTAL = $150

The petty cash fund was established at the beginning of September with a transfer of $150 from cash to the petty cash account.

Required:

Prepare the journal entry to replenish the fund at the end of September.

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Accounting Basics: Prepare the journal entry to replenish the fund at the end

Reference No:- TGS067376

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Accounting Basics: Prepare the journal entry to replenish the fund at the end

Reference No:- TGS067376

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Accounting Basics: Prepare the journal entry to replenish the fund at the end

Reference No:- TGS067376

Recent Questions Asked Accounting Basics

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Q : Prepare a bank reconciliation

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Q : Determine the tax effect

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