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McAfee Safe Connect 0 (2) > Study M \\ (-) 08 Homework-A X?·Cengage ×\\MFW: 8-3

ID: 2524768 • Letter: M

Question

McAfee Safe Connect 0 (2) > Study M (-) 08 Homework-A X?·Cengage ×MFW: 8-3 accountirxe Accounting quest 1 X ?× X), CengageNowv2 × - ? v cengagenow com rn takeAssignment take signmen Mando invoker: assignments&takeAssignmen; SessionLocator=assignment take inprogress-alse Ch 8-2 Practice Exercises Show Me How Calculator eBook Print Item Petty Cash Fund Prepare journal entries for each of the following. For a compound transaction, if an amount box does not require an entry, leave it blank. a. Issued a check to establish a petty cash fund of $850 2. PE.08-03 ALGO 3. PE.08-04. ALGO b. The amount of cash in the petty cash fund is $290. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $327 and miscellaneous selling expense, $207. Record any missing funds in the cash short and over account. For a compound transaction, if an amount box does not require an entry, leave it blank. ? ? ? Show allX ^ accounting 8-2(1).pdf ^ accounting 8-2.pdf accounting 8.2.pdf O Type here to search 5:15 PM 4/17/2018

Explanation / Answer

Journal entry :

No Accounts & explanation debit credit a Petty cash 850      Cash 850 (To record petty cash established) b) Store supplies expense 327 Miscellaneous expense 207 Cash short and over 26      Cash 560 (To record replenishment)