Analyzing a Source Document The petty cash clerk for Riddles Card Shop prepared the

Chapter 22, Problem 22-3

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QUESTION:

Analyzing a Source Document

The petty cash clerk for Riddle’s Card Shop prepared the accompanying petty cash requisition.

Instructions Review the document and prepare Check 973 to replenish the petty cash fund in your working papers.

                 

Questions & Answers

QUESTION:

Analyzing a Source Document

The petty cash clerk for Riddle’s Card Shop prepared the accompanying petty cash requisition.

Instructions Review the document and prepare Check 973 to replenish the petty cash fund in your working papers.

                 

ANSWER:

                                                                 Step 1 of 3

Petty cash refers to the pool of readily available funds maintained by each business for paying its pocket expenses such as gift cards, office supplies, etc.

                                                                 

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