Question 2: (8 marks) Lang Company completed the following petty cash transactions during April 2025...
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Accounting
Question 2: (8 marks) Lang Company completed the following petty cash transactions during April 2025 Required: a) Prepare a joumal entry to record the establishing the petty cash fund. b) Prepare a journal entry to record the reimbursement and increase of the fund to $125. from $100 to $125 ) c) Now assume Part (b) did not happen. Instead, the fund decreased from $100 to $75. Prepare a joumal entry to record the reimbursement and decrease of the fund
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