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Final exam I donMt have any more information thank you can solve the problem no more information This Question: 5 pts 26 of 30 Prepare
Final exam I donMt have any more information thank you can solve the problem no more information
This Question: 5 pts 26 of 30 Prepare the journal entries for the following petty cash transactions of Eagleton Gaming Supplies: Oct. 1 Established a petty cash fund with a $250 balance. The petty cash fund has $24 in cash and $231 in petty cash tickets that were issued to pay for Office Supplies ($171) Oct. 31 and Entertainment Expense ($60). Replenished the fund and recorded the expenses. Nov. 15 Increased the balance of the petty cash fund to $350. Prepare journal entries. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Journalize the establishment of the petty cash fund Date Accounts and Explanation Debit Credit Oct. 1 Cash 250 Petty Cash 250 To open the petty cash fund. Journalize the replenishment of the fund. Date Accounts and Explanation Debit Credit Oct. 31 Office Supplies 171 Entertainment Expense 60 Cash Short and Over 5 Petty Cash 226 Journalize the increase of the petty cash fund. Date Accounts and Explanation Debit Credit Nov. 15 Cash 100 Petty Cash 100Step by Step Solution
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