On August 20, 2019, Vacation Enterprises established a $425 petty cash fund. a) Prepare the entry...

 

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On August 20, 2019, Vacation Enterprises established a $425 petty cash fund. a) Prepare the entry to record the establishment of the fund. b) At the end of the month, the petty cash custodian analyzed all the monthly transactions. She opened the petty cash box and counted $142 cash remaining. There were also two receipts in the petty cash box: receipt # 1: $128 - Entertainment and receipt w2: $139 - Travel. Record the journal entries for this month's expenses and replenish the fund. e) At the end of the month, Vacation Enterprises wanted to increase the petty cash fund by $75. Prepare the journal entry to record the increase in petty cash fund. Do not enter dollar signs or commas in the input boxes. For transactions with more than one debit or credit, enter the accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 Aug 20 Set up the petty cash fund Aug 31 Replenish the petty cash fund Aug 31 Date Account Title and Explanation Debit Credit 2019 Aug 20 Set up the petty cash fund Aug 31 Replenish the petty cash fund Aug 31 Increase the petty cash float On August 20, 2019, Vacation Enterprises established a $425 petty cash fund. a) Prepare the entry to record the establishment of the fund. b) At the end of the month, the petty cash custodian analyzed all the monthly transactions. She opened the petty cash box and counted $142 cash remaining. There were also two receipts in the petty cash box: receipt # 1: $128 - Entertainment and receipt w2: $139 - Travel. Record the journal entries for this month's expenses and replenish the fund. e) At the end of the month, Vacation Enterprises wanted to increase the petty cash fund by $75. Prepare the journal entry to record the increase in petty cash fund. Do not enter dollar signs or commas in the input boxes. For transactions with more than one debit or credit, enter the accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 Aug 20 Set up the petty cash fund Aug 31 Replenish the petty cash fund Aug 31 Date Account Title and Explanation Debit Credit 2019 Aug 20 Set up the petty cash fund Aug 31 Replenish the petty cash fund Aug 31 Increase the petty cash float

Answer rating: 100% (QA)

Journal Entries Date Account Titles and Explanation Debit ... View the full answer