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QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $250. At the end of the current period, the fund contained $172 and had the following receipts: entertainment, $41: postage. $25; and printing. $12. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. View transaction list Journal entry worksheet 2 > Record the establishment of the petty cash fund. Note: Enter debits before credits General Journal Debit Transaction ta Credit Record entry Clear entry View general journal 2. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry. (Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Fund amount is being reduced 2 Fund amount is being increased 2 Fund is being eliminated 2 Fund is being established. QS 6-6 Petty cash accounting LO P2 1. Brooks Agency set up a petty cash fund for $250. At the end of the current period, the fund contained $172 and had the following receipts: entertainment, $41: postage, $25: and printing. $12 Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. View transaction list Journal entry worksheet 1 2 Record the establishment of the petty cash fund. ses Note: Enter deb Credit Transaction 1a Accumulated amortization Accumulated depletion Accumulated depreciation Amortization expense Record entry Clear entry View general journal 2. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry (Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Fund amount is being reduced. 2 Fund amount is being increased 2 Fund is being eliminated. Fund is being established