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1 15 Blossom Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug Established the petty cash
1 15 Blossom Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug Established the petty cash fund by writing a check payable to the petty cash custodian for $200.00, Replenished the petty cash fund by writing a check for $196.30. On this date, the fund consisted of $4 in cash and these petty cash receipts: freight-out $74.20, entertainment expense $35.20, postage expense $33.20, and miscellaneous expense $52.10 Increased the amount of the petty cash fund to $490.00 by writing a check for $290.00 Replenished the petty cash fund by writing a check for $373.00. On this date, the fund consisted of 5117 in cash and these petty cash receipts: postage expense $138.00, entertainment expense $97.00, and freight-out $137.00. 16 31 Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, eg. 52.75) Date Account Titles and Explanation Debit Credit Aug 1 Petty Cash v Cash Aug 15 Freight Out Entertainment Expense Postage Expense Miscellaneous Expense Cash Over and Short Cash Aue 16 Petty Cash Cash Aug 31 Postage Expense Entertainment Expence Freight Out Cash Over and Short Cath over and that Call Post to the Petty Cash account. (Round answers to 2 decimal places, eg. 52.75.) Petty Cash 8/1 B/16 8/31 Bal
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