ACCA 105 CHAPS 6 TO 9 MC ASSIGNMENT

The entry for establishing a 200 petty cash fund

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39. The entry for establishing a $200 petty cash fund would be 40. Use the following information regarding Sanders Company to answer the question below. 1. Established a petty cash fund in the amount of $200. 2. Reimbursed the petty cash fund given the following petty cash fund disbursements: a. Payment for postage, $20. b. Payment for supplies, $70. 3. Increased the petty cash fund by $100.
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