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Crane Company maintains a petty cash fund for small expenditures, These transactions occurred during the month of Auguat. Aug. 1 Established the petty cash fund
Crane Company maintains a petty cash fund for small expenditures, These transactions occurred during the month of Auguat. Aug. 1 Established the petty cash fund by writing a check payabie to the petty cash custodian for $200. 15 Replenished the petty cash fund by writing a check for $197.00. On this date, the fund consisted of $300 in cash and these petty cash receipts: freight-out $92, entertainment oxpense $45.00, postage expense $40,00, and miscellaneous expense $19.00. 16 Increased the amount of the petty cash fund to $300 by writing acheck for $100.00. 31 Replenfihed the petty cash fund by writing a check for $23450. On this date, the fund consisted of $1550 in cash and these petty cash receipts: postage expense $138.00, entertainment expense $2.00, and freight-cut $53.50. Date Account Titles and Explanation Debit Credit Aue 15
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