Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3 poets Exercise 4-13A Record transactions for employee purchases (LO4-6) T.L. Jones Trucking Services establishes a petty cash fund on April 3 for $500.

image text in transcribed

3 poets Exercise 4-13A Record transactions for employee purchases (LO4-6) T.L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $399. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Utilities (credit card) $134 Entertainment (petty cash) 43 Stamps (petty cash) 58 Plumbing repair services (credit card) 229 eBook Required: References 1. Record the establishment of the petty cash fund on April 31 2. Record credit card expenditures during the month. The credit card balance is paid in full on April 30. 3. Record petty cash expenditures during the month. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list View journal entry worksheet No Date General Journal 1 April 03 Petty Cash Cash 2 April 30 / 3 April 30 Ulities Expense Repairs and Maintenance Expense Entertainment Expense Postage Expense Debit Credit 500 134 2201 43 58 500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

26th edition

128574361X, 978-1305446052, 1305446054, 978-1285743615

More Books

Students also viewed these Accounting questions