Kohen Co establishes a Petty Cash Fund of 100 . During the month, ...

[EY67]

Kohen Co establishes a Petty Cash Fund of 100 . During the month, Kohen Co made the following payments from its Petty Cash Fund: Bought pencils and pens, 15.00 Paid postage on packages, 12.00 S. Kohen, the owner, withdrew 45.00 for personal use. The journal entry to reimburse the fund would be:
 a. Petty Cash Fund 72
  Cash 72
   b. Cash 28
  Petty Cash Fund 28
   c. Supplies 15
  Miscellaneous Expense 12
  S. Kohen, Drawing 45
  Cash 72
   d. Supplies 15
  Miscellaneous Expense 12
  S. Kohen, Drawing 45
  Petty Cash Fund 72

Question 2

The statement of cash flows shows the changes in the balance sheet accounts between periods.
 
  Indicate whether the statement is true or false

[alexisweber49]

Answer to Question 1

c

Answer to Question 2

F

[EY67]

Thanks for the timely response, appreciate it

[coreycathey]

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