Record the following transactions: • Started a petty cash fund in the amount of $400. DR [ Select ] * and CR [Select ] * for $400. • Replenished petty cash fund using the following expenses in this order: Auto $15, Office Expenses $20, Postage Expense $81, Miscellaneous Expenses $66. Cash on hand is $10. DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR or CR? [ Select ] [ Select ] [ Select ] CR [ Select ] [ Select ] • Decreased petty cash by $100. DR [ Select ] * and CR [Select ] * for $100.

Record the following transactions: • Started a petty cash fund in the amount of $400. DR [ Select ] * and CR [Select ] * for $400. • Replenished petty cash fund using the following expenses in this order: Auto $15, Office Expenses $20, Postage Expense $81, Miscellaneous Expenses $66. Cash on hand is $10. DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR [ Select ] [ Select ] DR or CR? [ Select ] [ Select ] [ Select ] CR [ Select ] [ Select ] • Decreased petty cash by $100. DR [ Select ] * and CR [Select ] * for $100.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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