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Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period. Established petty cash fund by writing a

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Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period. Established petty cash fund by writing a check on Scranton Bank for $205 Replenished the petty cash fund by writing a check for $200.40. On this date the fund consisted of $4.60 in cash and the following petty cash receipts: freight-out $92.00, postage expense $43.80, entertainment expense $45.80, and miscellaneous expense $16.90. July1 15 31 Replenished the petty cash fund by writing a check for $196.30. At this date, the fund consisted of $8.70 in cash and the following petty cash receipts: freight-out $78.10, charitable contributions expense $44.80, postage expense $47.20, and miscellaneous expense $26.20 Replenished the petty cash fund by writing a check for $192.00. On this date, the fund consisted of $13.00 in cash and the following petty cash receipts: freight-out $76.30, entertainment expense $44.30, postage expense $31.10, and miscellaneous expense $41.60. Aug. 15 16 Increased the amount of the petty cash fund to $325 by writing a check for $120. 31 Replenished the petty cash fund by writing a check for $308.30. On this date, the fund consisted of $16.70 in cash and the following petty cash receipts: postage expense $142.00, travel expense $92.20, and freight-out $73.00 Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit Credit July 31 Aug. 15 Aug. 31 ers/gomezDownloads/Problem%207-2A.htm Problem 7-2A

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