during october central light company experiences the following transactions in estab 533942
During October, Central Light Company experiences the following transactions in establishing a petty cash fund.
Oct. 1 A petty cash fund is established with a check for $150 issued to the petty cash custodian.
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during october central light company experiences the following transactions in estab 533942
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31 A check was written to reimburse the fund and increase the fund to $200. A count of the petty cash fund disclosed the following items:
|
Currency |
$59.00 |
|
Coins |
0.7 |
|
Expenditure receipts (vouchers): |
|
|
Supplies |
$26.10 |
|
Telephone, Internet, and fax |
16.4 |
|
Postage |
39.7 |
|
Freight-out |
6.8 |
Instructions
Journalize the entries in October that pertain to the petty cash fund.
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