Question
A company establishes a $460 petty cash fund on August 3 to pay for minor cash expenditures. The fund is replenished at the end
A company establishes a $460 petty cash fund on August 3 to pay for minor cash expenditures. The fund is replenished at the end of each month. In addition, the company has issued credit cards for more substantial employee purchases. These credit cards are issued to authorized managers. At the end of August, the following employee purchases have been made: Petty Cash Fund Credit Cards Delivery fees $ 130 Plumbing maintenance 77 Equipment Advertising Postage 48 Supplies $ 1,500 750 390 Flowers for the office. 60 $ 315 $ 2,640 Required: Record the establishment of the petty cash fund on August 3, employee expenditures related to the petty cash fund on August 31, and employee expenditures related to credit cards on August 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < 2 3 Record the expenses paid out of the petty cash fund. Note: Enter dehite hefore credite Journal entry worksheet 1 2 3 Record the expenses paid out of the petty cash fund. Note: Enter debits before credits. Date August 31 General Journal Debit Credit View transaction list Journal entry worksheet 2 3 Record the employee expenditures related to credit cards. Note: Enter debits before credits. Date August 31 General Journal Debit Credit Record entry Clear entry View general journal
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