Professional Documents
Culture Documents
MODULE 7
PETTY CASH FUND AND BANK RECONCILIATION
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(xx)
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40
300
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Required: Complete the bank reconciliation and answer the following questions:
b. How much should Santa Fe report on its balance sheet as Cash at May 31?
c. How much is the amount of Santa Fes net adjustment to the cash account? Indicate whether
this amount is a decrease or increase.