Journalize the entries to record the following: use correct journal format- no grid necessary March 1 Established a petty cash fund of $1,000 March 31 Cash Fund is now $205 The fund is replenished based on the following receipts: office supplies $237, Office repairs $325, selling expenses $218

Journalize the entries to record the following: use correct journal format- no grid necessary March 1 Established a petty cash fund of $1,000 March 31 Cash Fund is now $205 The fund is replenished based on the following receipts: office supplies $237, Office repairs $325, selling expenses $218

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 7SEA: CASH SHORT AND OVER ENTRIES Based on the following information, prepare the weekly entries for cash...

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Question

Journalize the entries to record the following: use correct journal format- no grid necessary

March 1

Established a petty cash fund of $1,000

March 31

Cash Fund is now $205 The fund is replenished based on the following receipts: office supplies $237, Office repairs $325, selling expenses $218

Definition Definition Method of recording financial transactions in the book of original entry by debiting and crediting the accounts affected by a transaction using the golden rules of accrual accounting.

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