Exercise 7-15

During October, Blossom Company experiences the following transactions in establishing a petty cash fund.

Oct. 1		A petty cash fund is established with a check for $146.00 issued to the petty cash custodian.
31		A check was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund disclosed the following items:

Currency				$59.00
Coins				2.17
Expenditure receipts (vouchers):
Supplies		$24.63
Telephone, Internet, and fax		14.93
Postage		38.23
Freight-Out		5.33

Journalize the entries in October that pertain to the petty cash fund. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Exercise 7-15: LIST OF ACCOUNTS TO USE

Accounts Payable Accounts Receivable Accumulated Depreciation-Equipment Bank Charges Expense Cash Cash Over and Short Common Stock Cost of Goods Sold Depreciation Expense Entertainment Expense Equipment Freight-In Freight-Out Income Tax Expense Income Taxes Payable Insurance Expense Interest Receivable Interest Revenue Inventory Miscellaneous Expense No Entry Notes Receivable Petty Cash Postage Expense Prepaid Insurance Retained Earnings Salaries and Wages Expense Sales Discounts Sales Revenue Service Revenue Supplies Supplies Expense Travel Expense Utilities Expense

CSecure htt edugen.wicyplus.com/edugeryltymainun Return ta Rlxkboard I, Accounting, Gc Excrciso 7-15 During October, Blossom Company cxperiences the fellowing transacticns in cstablishing petty cath fund. Oct. 1 A pctty cash fund is cstab ishod with check for si4G .00 ssucd to tho pctty cash custodian. Part H 31 A chack was writtan to reimbursa the tund and Increase the tund to si96.00. A count of th petty cash tund discoted the tollcwing items: 830.00 2.17 Currene Review Score Reviw Results hy Sthady Suppies Tclcphone, Internct, and fax $24.03 14.93 1nurna i7a th "tr as in netabar that ertain to the err cash tund Round answers to 2 decimal placec e g. 52.75 credit account titis are allta matically ideta d when amatat is entered. Do nt indent maniall Datc Account Titiles and Explanation Dcbit oct- Oet. 31 Qu stion Attenapts: of S used 5AVE PO LATER lype here to search