Reichard Company establishes a $250 petty cash fund on September 9. On September 30, the fund shows
$34 in cash along with receipts for the following expenditures: transportation-in, $47; postage expenses,
$62; and miscellaneous expenses, $103. The petty cashier could not account for a $4 shortage in the
fund. Reichard uses the perpetual system in accounting for merchandise inventory. Prepare (1) the
September 9 entry to establish the fund, (2) the September 30 entry to reimburse the fund, and (3) an
October 1 entry to increase the fund to $300.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.