H1.Account During October, Splish Brothers Lighting Company experiences the following activities related to its petty cash fund:Oct. 1 A petty cash fund is established with a check for $180.00 issued to the petty cash custodian.A count of the petty cash fund disclosed the following items used for replenishment:Currency3131CoinsExpenditure receipts (vouchers):Office supplies (asset)Telephone, Internet, and fax (misc. exp.)PostageFreight-outThe fund was increased to $210.$27.7029.3090.009.80$19.000.20 DateAccount Titles and Explanation(To replenish petty cash fund)Show Transcribed TextĆDebitCredit

Petty cash is the amount which is kept with the cashier of the business entity to meet up the daily…

During October, Splish Brothers Lighting Company experiences the following activities related to its petty cash fund: Oct. 1 A petty cash fund is established with a check for $180.00 issued to the petty cash custodian. 31 A count of the petty cash fund disclosed the following items used for replenishment: Currency 31 Coins Expenditure receipts (vouchers): Office supplies (asset) Telephone, Internet, and fax (misc. exp.) Postage Freight-out The fund was increased to $210. $27.70 29.30 90.00 9.80 $19.00 0.20

During October, Splish Brothers Lighting Company experiences the following activities related to its petty cash fund: Oct. 1 A petty cash fund is established with a check for $180.00 issued to the petty cash custodian. 31 A count of the petty cash fund disclosed the following items used for replenishment: Currency 31 Coins Expenditure receipts (vouchers): Office supplies (asset) Telephone, Internet, and fax (misc. exp.) Postage Freight-out The fund was increased to $210. $27.70 29.30 90.00 9.80 $19.00 0.20

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 6SEB

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