WebTEST 4-6 QUESTIONS TEAM 6 ANSWERS 115) Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: ...

Accounting 4-7 Flashcards Quizlet

WebExample #3 – Perpetual Inventory. On August 2, ABC company, which uses a perpetual inventory system, sells $1,000 worth of inventory to KLI, LLC on account. The inventory cost ABC $600. Break down the transaction. What is happening here? ABC sold stuff to another company on account. The stuff ABC sold was purchased for $600. WebChilders Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $400. The fund was last reimbursed on November 30. At the … tarentum pa to new kensington pa

Chapter 8 Review - M/CAssignment Flashcards Quizlet

WebChilders Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4Freight charge for merchandise purchased$56.00 December 7Delivery charge for shipping to ... WebChilders Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: If, in addition to these receipts, the petty cash fund contains $258.50 of cash, the journal entry to ... WebCompany. issued a check on January 2 to establish a petty cash fund of $500. On January 31, the amount of cash in the petty cash fund is $441. The company would like to issue a check to replenish the ; Use the following information regarding Larson Company to answer the question below. 1. tarentum pa map