John is a temporary accountant hired to take Jim's place as plant accountant while Jim is on a two-week vacation. John notices that the petty cash fund is low on cash, and he prepares a summary of the items in the cash box so that he can request a new cash draw. In preparing the draw request, he notices that Jim has cashed an $800.00 personal check out of the $1,000.00 fund. John's course of action should be:

Question

Business

Shania Collins

12 September, 00:39

John is a temporary accountant hired to take Jim's place as plant accountant while Jim is on a two-week vacation. John notices that the petty cash fund is low on cash, and he prepares a summary of the items in the cash box so that he can request a new cash draw. In preparing the draw request, he notices that Jim has cashed an $800.00 personal check out of the $1,000.00 fund. John's course of action should be:

+3

Answers (1)

Know the Answer?

Tate Barnett · Answer 1

salaries expense 800 debit

cash 800 credit

Explanation:

The 800 will be a salaries paid to the accountant.

It will have to post:

salaries expense 800 debit

cash 800 credit

The new time Jhon receive a paycheck this amount will be subtracted from his salaries to compensate.