Cameron Co. established a $152 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $29.

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answerhappygod
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Cameron Co. established a $152 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $29.

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Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 1
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 1 (48.2 KiB) Viewed 10 times
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 2
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 2 (106.26 KiB) Viewed 10 times
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 3
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 3 (100.09 KiB) Viewed 10 times
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 4
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 4 (112.74 KiB) Viewed 10 times
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 5
Cameron Co Established A 152 Petty Cash Fund On January 1 2020 One Week Later On January 8 The Fund Contained 29 5 (41.24 KiB) Viewed 10 times
Cameron Co. established a $152 petty cash fund on January 1, 2020. One week later, on January 8, the fund contained $29.63 in cash and receipts for these expenditures: postage, $42.56; transportation-in, $27.36; store supplies, $33.19; and a withdrawal of $19.26 by Jim Cameron, the owner. Cameron uses the perpetual method to account for merchandise inventory. a. Prepare the journal entry to establish the fund on January 1.

Journal entry worksheet < 1 Record the entry to establish the fund. Note: Enter debits before credits. Date January 01, 2020 Record entry General Journal Clear entry Debit + Credit View general journal

es b. Prepare a summary of the petty cash payments and record the entry to reimburse the fund on January 8. (Round your answers to 2 decimal places.) Receipts: Total receipts Fund total CAMERON CO. Petty Cash Payments Report January 18, 2020 Equals: Cash required to replenish petty cash Cash over/(short) S my w 0.00

< 1 Record the entry to reimburse the fund. Note: Enter debits before credits. Date January 08, 2020 Record entry General Journal Clear entry Debit Credit View general journal >

es Analysis Component: If the January 8 entry to reimburse the fund were not recorded and financial statements were prepared for the month of January, would profit be over- or understated? O Understated O Overstated
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