During October, Bismark Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a
During October, Bismark Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash fund is established with a check for $150.00 issued to the petty cash custodian. Oct. 31 A check was written to reimburse the fund and increase the fund to $200.00.
A count of the petty cash fund disclosed the following items:
Currency $59.00
Coins 0.70
Expenditure receipts (vouchers): Supplies $26.1 Telephone, Internet, and fax 16.4 Postage 39.70 Freight-Out 6.8
Journalize the entries in October that pertain to the petty cash fund.
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