Solution-Record the discrepancy in the cash short and over

Record the discrepancy in the cash short and over account

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Reference no: EM133025267

Question - The amount of cash in the petty cash fund is now $303. Check is issued to replenish the fund, based on the following summary of petty cash receipts: office supplies, $427; miscellaneous selling expense, $365; miscellaneous administrative expense, $165. If the amount of the check to replenish the fund plus the balance in the fund do not equal $1,290, record the discrepancy in the cash short and over account.

Reference no: EM133025267

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Record the discrepancy in the cash short and over account

Reference no: EM133025267

Reference no: EM133025267

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