Question

Bacardi Company established a $150 petty cash fund with Eminem as the petty cashier. When the fund

balance reached $19 cash, Eminem prepared a petty cash payment report, which follows.

Answer 1

Petty Cash Fund at the beginning = $150 Petty cash fund balance reach = $19 Total expenditure (150 – 19) = $131 And Expenditure shown $120 Cash short and over (131 – 120) = $19 Journal Entries Date Accounts title and explanation Debit Credit

Step-by-step explanation:

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