A. Started a petty cash fund in the amount of $400. B. Replenished petty cash fund using the following expenses: Auto Expense $24, Office Expense $45, Postage Expense $20, Miscellaneous Expense $33. Cash on hand is $278. C. The company has decided to reduce the petty cash fund to $250. Record these transactions. If an amount box does not require an entry, leave it blank.

A. Started a petty cash fund in the amount of $400. B. Replenished petty cash fund using the following expenses: Auto Expense $24, Office Expense $45, Postage Expense $20, Miscellaneous Expense $33. Cash on hand is $278. C. The company has decided to reduce the petty cash fund to $250. Record these transactions. If an amount box does not require an entry, leave it blank.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter8: Fraud, Internal Controls, And Cash

Section: Chapter Questions

Problem 4EA: Record the following transactions: A. Started a petty cash fund in the amount of $500. B....

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