FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Prepare the journal entries for the following petty cash transactions of Linton Gaming Supplies:
Nov. 1
Established a petty cash fund with a $250 balance.
Nov. 30
The petty cash fund has $24 in cash and $231 in petty cash tickets that were issued to pay for Office Supplies ($151)
and Entertainment Expense ($80). Replenished the fund and recorded the expenses.
Increased the balance of the petty cash fund to $300.
Dec. 15
...
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