CASH CONTROL - PETTY CASH PROBLEM EXERCISE Zenith Company provided the following chronological transactions in relation to petty cash: 1. The entity established a petty cash fund of P 10,000. 2. Petty cash disbursements were: Postage Supplies P 1,500 2,000 3. Petty cash disbursements were: P 1,000 Transportation Miscellaneous expense 500 4. Petty cash disbursements were: Supplies Transportation P1,000 3,000 5. Issued check to replenish the fund. 6. Petty cash disbursements were: Postage Supplies Transportation P 2,000 3,000 4,000 7. Issued check for an amount to replenish the fund and bring the balance of the petty cash to P 20.000.
CASH CONTROL - PETTY CASH PROBLEM EXERCISE Zenith Company provided the following chronological transactions in relation to petty cash: 1. The entity established a petty cash fund of P 10,000. 2. Petty cash disbursements were: Postage Supplies P 1,500 2,000 3. Petty cash disbursements were: P 1,000 Transportation Miscellaneous expense 500 4. Petty cash disbursements were: Supplies Transportation P1,000 3,000 5. Issued check to replenish the fund. 6. Petty cash disbursements were: Postage Supplies Transportation P 2,000 3,000 4,000 7. Issued check for an amount to replenish the fund and bring the balance of the petty cash to P 20.000.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter7: Accounting For Cash
Section: Chapter Questions
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