ANSWERS TO QUESTIONS
(a) Petty Cash 250.00 Cash 250.00 Postage Expense 33.00 Supplies 75.00 Accounts Receivable—Employees 30.00 Shipping Expense 57.45 Advertising Expense 22.80 Misc. Expense 15.35 Cash ($250.00 – $16.40) 233.60 Petty Cash 50.00 Cash 50.00 (b) Balances per bank: $6,522 Add: Cash on hand $ 246 Deposit in transit 3,000 3,246 9,768 Deduct Checks ... ................
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