1. Chapter 9.2 Accounting for Cash Payments

2. Electronic Payments

3. Petty Cash Small purchases within a business -- Under $200 each
For example:
Pay courier driver
Postage
One box of labels for printer

4. Petty Cash Every time an employee asks for money from Petty Cash
a Voucher MUST BE filled out.

5. Establish Petty Cash Fund Petty Cash 300. 00 Bank 300
Establish Petty Cash Fund Petty Cash Bank Pay employees when they give you a petty cash voucher Replenishing Petty Cash Building Maintenance Postage Supplies 9.00 Truck Expense HST Recoverable Bank

6. Increase the Petty Cash Fund for $500 from $300 Petty Cash 200
Increase the Petty Cash Fund for $500 from $300 Petty Cash Bank

7. Homework
Review Questions page 353
Exercises 1-4