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B Batelco Case 2 Batelco Company establishes a BD400 petty cash fund on May 1, 2020. The fund shows BD180 in cash along
Posted: Wed Apr 27, 2022 11:10 am
by answerhappygod
- B Batelco Case 2 Batelco Company Establishes A Bd400 Petty Cash Fund On May 1 2020 The Fund Shows Bd180 In Cash Along 1 (87.1 KiB) Viewed 51 times
B Batelco Case 2 Batelco Company establishes a BD400 petty cash fund on May 1, 2020. The fund shows BD180 in cash along with receipts for the following expenditures: travel expenses BD110, postage and stationery expenses BD70 and miscellaneous expenses BD40. On May 31, 2020, received cash from the chief cashier to reimburse (replenish) the fund. On June 1, 2020, the petty cashier decreased the petty cash fund to BD350. GENERAL JOURNAL Date Explanation Debit Credit May 1 Cash 180 Petty Cash 180 May 31 Travel Expense 110 Postage and Stationery Expenses 70 Miscellaneous Expenses 40 Cash (400 - 180) 200 June 1 Petty Cash 750 Cash (400+350) 750 Required: 1. Find the mistake of Petty Cash Entries. 2. Rewrite the Petty Cash Entries.