Create an Account

Already have account?

Forgot Your Password ?

Home / Questions / Prepare journal entries for the following petty cash fund transactions: Sept. 1Establishe

Prepare journal entries for the following petty cash fund transactions: Sept. 1Establishe

Prepare journal entries for the following petty cash fund transactions:

Sept. 1Established a $100 petty cash fund.

30Replenished the petty cash fund. Currency and coins remaining was $28;

approved paid vouchers were: $12 donation expense; $18 postage; $24 office

supplies expense; and $26 miscellaneous expense.

 

40) Prepare journal entries for the following petty cash fund transactions:

 

Nov. 1Established a $50 petty cash fund.

15Increased the petty cash fund to have a new balance of $100.

30Replenished the petty cash fund. Currency and coins remaining were $30.

 Approved paid vouchers were: $10 donation expense; $16 postage expense;

 $30 office supplies expense; and $20 misc. expense.

41) Produce the entry to replenish petty cash using the following information:

Cash in box $20

Balance of petty cash account 200

Valid receipts in box

Postage 45

Office Supplies60

Withdrawals by owner50

Invoice from courier20

Cash shortage5

Dec 06 2019 View more View Less

Answer (UnSolved)

question Get Solution

Related Questions