Question

Your petty cash has a balance of $73.28. Your Center Manager provides you with two receipts totalling $52.29. How much cash remains in your petty cash?

I was thinking that there isn't enough info to subtract from the petty cash. What if the receipts are credit purchases? Maybe I'm over thinking it...

Answer 1

Cash remaining in the petty cash box = 20.99 dollars

Step-by-step explanation:

Given that,

Petty cash has a balance of = 73.28 dollars

Total receipt = 52.29 dollars

We need to find the remaining petty cash .

In order to find out the remaining cash, we will subtract total receipt from Petty cash balance.

Cash remain = Petty cash balance - total receipt

Cash remain = $73.28 - $52.29

Cash remain = 20.99 dollars

That's the final answer.

I hope it will help you.