Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bramble Company maintains a petty cash tund for small expenditures. These transactions occurred during the month of August. Aug 1 15 Established the petty cash

image text in transcribed
Bramble Company maintains a petty cash tund for small expenditures. These transactions occurred during the month of August. Aug 1 15 Established the petty cash fund by writing a check payable to the petty cash custodian for 5215 Replenished the petty cash fund by writing a check for $212.00. On this date, the fund consisted of $3.00 in cash and these petty cash receipes: treight-out $96. entertainment expense $48.80. postage expense 543.40, and miscellaneous expense $22.60 Increased the amount of the petty cash fund to $320 by writing a check for $10.00 Replenished the petty cash fund by writing a check for $303.20. On this date, the fund consisted of $16.80 in cash and these petty cash receipts: postage expense $140.50, entertainment expense $95.60, and treight out $65 80. 16 31 (a) Journalize the petty cash transactions. (List alldehit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, es, 5275)

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

Analytical Corporate Finance

Authors: Angelo Corelli

1st Edition

3319395483, 9783319395487

More Books

Students also viewed these Accounting questions