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Capital Irrigation has only a General Journal in its accounting system and uses it to record all transactions. However, the company recently set up a
Capital Irrigation has only a General Journal in its accounting system and uses it to record all transactions. However, the company recently set up a petty cash fund to facilitate payments of small items. The following petty cash transactions were noted by the petty cashier as occurring during April : Apr. Received a company cheque for $ to establish the petty cash fund. Received a company cheque to replenish the fund for the following expenditures made since April and to increase the fund to $ a Paid $ for janitorial service. b Purchased office supplies for $ c Purchased postage stamps for $ d Paid $ to The County Crier for an advertisement in the newspaper. e Discovered that $ remained in the petty cash box. The petty cashier noted that $ remained in the fund and decided that the April increase in the fund was too large. Therefore, a company cheque was issued to replenish the fund for the following expenditures made since April and to reduce the fund to $ f Purchased office supplies for $ g Reimbursed office manager for business auto, $ h Paid $ courier charges to deliver merchandise to a customer. Prepare journal entries to record the establishment of the fund on April and its replenishments on April and April
Capital Irrigation has only a General Journal in its accounting system and uses it to record all transactions. However, the company recently set up a petty cash fund to facilitate payments of small items. The following petty cash transactions were noted by the petty cashier as occurring during April :
Apr. Received a company cheque for $ to establish the petty cash fund.
Received a company cheque to replenish the fund for the following expenditures made since April and to increase the fund to $
a Paid $ for janitorial service.
b Purchased office supplies for $
c Purchased postage stamps for $
d Paid $ to The County Crier for an advertisement in the newspaper.
e Discovered that $ remained in the petty cash box.
The petty cashier noted that $ remained in the fund and decided that the April increase in the fund was too large. Therefore, a company cheque was issued to replenish the fund for the following expenditures made since April and to reduce the fund to $
f Purchased office supplies for $
g Reimbursed office manager for business auto, $
h Paid $ courier charges to deliver merchandise to a customer.
Prepare journal entries to record the establishment of the fund on April and its replenishments on April and April
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