{"id":47536,"date":"2022-04-01T04:52:23","date_gmt":"2022-04-01T04:52:23","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/palmona-co-establishes-a-200-petty-cash-fund-on-january-8-the-fund\/"},"modified":"2022-04-01T04:52:23","modified_gmt":"2022-04-01T04:52:23","slug":"palmona-co-establishes-a-200-petty-cash-fund-on-january-8-the-fund","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/palmona-co-establishes-a-200-petty-cash-fund-on-january-8-the-fund\/","title":{"rendered":"Palmona co. establishes a $200 petty cash fund on january 8, the fund"},"content":{"rendered":"<div>\n<p>Palmona Co. establishes a $200 petty cash fund 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:&#13;<br \/>\n1. establish the fund on January 1.&#13;<br \/>\n2. reimburse it on January 8, and &#13;<br \/>\n3. both reimburse the fund and increase it to $450 on January 8, assuming no entry in Part 2. ( Hint: Make two separate entries for part 3.)<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Palmona Co. establishes a $200 petty cash fund 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:&#13; 1. establish the fund on January 1.&#13; 2. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-47536","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/47536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=47536"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/47536\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=47536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=47536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=47536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}