Granite bay jet ski has maintained a 50 petty cash fund to, Ask an Expert

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Granite Bay Jet Ski has maintained a $50 petty cash fund to handle small miscellaneous business expenditures that occur frequently during normal business operations. The fund is being replenished, and because of business growth, is also being increased by $50. Issued check number 30401 for $97.50. A total of $2.50 remains in the petty cash box at this time, A summary of receipts and invoices shows the following expenditures made to date from petty cash: Store and shop Supplies expense $15.00 Advertising Expense $32.50

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9986422

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