Business, 06.05.2020 00:32 torquishag
On April 2, Granger Sales decides to establish a $290 petty cash fund to relieve the burden on Accounting.
Required:
a. Journalize the establishment of the fund
b. On April 10, the petty cash fund has receipts for mail and postage of $62, contributions, and donations of $33, meals and entertainment of $114, and $77 in the ending cash balance. Journalize the replenishment of the fund
c. On April 11, Granger Sales decides to increase petty cash to $430. Journalize this event
Answers: 1
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On April 2, Granger Sales decides to establish a $290 petty cash fund to relieve the burden on Accou...
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