Emerald Corporation Uses a Voucher System and Completed the Following $\quad$

question 17

Essay

Emerald Corporation uses a voucher system and completed the following transactions:
Dec. 31 $\quad$ Prepared voucher $\# 422$ to replenish the petty cash fund based on the following receipts:
supplies $\$ 47$ , postage $\$ 48$ , and cash short $2.
31 $\quad$ $\quad$ Issued check \#1003 in payment of voucher #422. Required: Prepare general journal entries to record the above transactions.Omit explanations.

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Definitions:

Quantitative Approaches

Research or analysis methods that involve the use of statistical, mathematical, or computational techniques to study phenomena and draw conclusions.

Forecasting

The method of making predictions based on past and present data and analyzing trends.

Planning Tool

An instrument or method used to outline the steps necessary to achieve an objective, including timelines, resources, and specific actions.

Budgets

Are plans that commit resources to projects or activities.