On May 1, a petty cash fund was established for $150.00. The following vouchers were issued during

Question:

On May 1, a petty cash fund was established for $150.00. The following vouchers were issued during May:

Voucher No. Date Purposc Amount $ 3.50 postage due office supplies auto repair (miscellancous) drawing (Joy Adams) donat

REQUIRED

1. Prepare the journal entry to establish the petty cash fund.

2. Record the vouchers in the petty cash record. Total and rule the petty cash record.

3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record.

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 20, 2011 09:44 AM

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On May 1, a petty cash fund was established for $150.00. The following vouchers were issued during

Question:

Voucher No. Date Purposc Amount $ 3.50 postage due office supplies auto repair (miscellancous) drawing (Joy Adams) donation (Red Cross) travel expenses May 1 3 11.00 43.00 25.00 11 10.00 15 28.00 22 3.50 postage stamps telephone call donation (Boy Scouts) 26 5.00 20.00 30 1234 S670

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1 2 and 3 DATE 20 May 1 Petty Cash GENERAL JOURNAL DESCRIPTION Cash Est...View the full answer

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