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i need help please and bless your beautiful soul Sunland Company maintains a petty cash fund for small expenditures. These transactions occurred during the month
i need help please and bless your beautiful soul
Sunland Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $210.00. 15 Replenished the petty cash fund by writing a check for $205.00. On this date, the fund consisted of $5.00 in cash and these petty cash receipts: freight-out $73.90, entertainment expense $36.80, postage expense $32.90, and miscellaneous expense $60.40. 16 Increased the amount of the petty cash fund to $400.00 by writing a check for $190.00. 31 Replenished the petty cash fund by writing a check for $280.00. On this date, the fund consisted of $120 in cash and these petty cash receipts: postage expense $139.00, entertainment expense $95.00, and freight-out $45.00. lournalize the petty cash transactions. (Credit occount titles are automatically indented when amount is entered. Do not indent manually. Record joumal entries in the order presented in the problem. Round answers to 2 decimal places, eg. 52.75.) Postage Expense Miscellaneous Expense 60.40 Cash Over and Short Cash Aug 16 Petty Cash 190 Cash Aug. 31 Postage Expense 139 Entertainment Expense 95 Freight-Out 45 Cash Over and Short Cash Post to the Petty Cash account. (Round answers to 2 decimal places, e.g. 52.75.) Step by Step Solution
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