Business, 24.01.2020 04:31 angelolucero146

Palmona co. establishes a $200 petty cash fund on january 1. on january 8, the fund shows $38 in cash along with receipts for the following expenditures: postage, $74; transportation-in, $29; delivery expenses, $16; and miscellaneous expenses, $43. palmona uses the perpetual system in accounting for merchandise inventory. prepare journal entries to establish the fund on january 1.

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Palmona co. establishes a $200 petty cash fund on january 1. on january 8, the fund shows $38 in cas...

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