Loucks Company established a $380 petty cash fund on October 2, 2021. The fund is replenished at the end of each month. At the end of October 2021, the fund contained $99 in cash and the following receipts:
Orice supplies 132
Advertising 94
Postage 38
Miscellaneous 37
Required: Prepare the necessary general Journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31.

Respuesta :

It is the balance in your account prior to the addition of any pending charges. The amount you have available for withdrawals or purchases is known as your available balance.

How is the term amount classified?

As was said above, "amount" can be either a noun or a verb. Noun usage Give the dish a few drops of water. Noun usage Dogs have various quantities of need.

What is the only way you utilize amount?

Write "1,000 and one hundred alone" if you're paying, say, Rs. After the sum, it's crucial to write "only." Fraud can also be avoided in this way. In the aforementioned example, the quantity would become Rs 1,199. of food if "only" was not written after 1,000 and 100. using the verb

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