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1. Brooks Agency set up a petty cash fund for $190. At the end of the current period, the fund contained $121 and had the
1. Brooks Agency set up a petty cash fund for $190. At the end of the current period, the fund contained $121 and had the following receipts: entertainment, $35; postage, $8; and printing, $26. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. 2. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry. View transaction list Tal entries to record (e) establishment or the fund and (D) reimbursement or the fund at the end of the current perio Journal entry worksheet 1 Record the establishment of the petty cash fund. Note: Enter debits before credits. Transaction 1a General Journal Debit Credit Next >
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