Question
Crown Company established a petty cash fund of $600 for incidental expenditures on January 2. At the end of the month, the count of cash
Crown Company established a petty cash fund of $600 for incidental expenditures on January 2. At the end of the month, the count of cash on hand indicated that $57.35 remained in the fund. A sorting of petty cash vouchers disclosed that the following expenses had been incurred during the month, and the fund was replenished.
Postage Expense | $250.40 |
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Office Supplies Expense | 165.90 |
Miscellaneous Expense | 119.05 |
Required: | |
Prepare the journal entries necessary to record Crowns petty cash transactions during January. |
Prepare the journal entries necessary to open the petty cash fund on January 2 and to record Crowns petty cash transactions on January 31.
All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback.
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GENERAL JOURNAL
Score: 58/87
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