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Instructions On April 2, Granger Sales decides to establish a $360 petty cash fund to relieve the burden on Accounting. Required: (a) Journalize the establishment

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Instructions On April 2, Granger Sales decides to establish a $360 petty cash fund to relieve the burden on Accounting. Required: (a) Journalize the establishment of the fund. (b) On April 10, the petty cash fund has receipts for mall and postage of $34, contributions and donations of $19, meals and entertainment of $112, and $191 in the ending cash balance. Journalize the replenishment of the fund. (c) On April 11, Granger Sales decides to increase petty cash to $470. Journalize this event." "Refer to the Chart of Accounts for exact wording of account titles. CHART OF ACCOUNTS Granger Sales General Ledger REVENUE ASSETS 110 Cash 111 Petty Cash 410 Sales 610 Interest Revenue 120 Accounts Receivable 131 Notes Receivable 132 Interest Receivable EXPENSES 510 Cost of Merchandise Sold 515 Credit Card Expense 516 Cash Short and Over 141 Merchandise Inventory 145 Office Supplies 151 Prepaid Insurance 520 Salaries Expense 181 Land 191 Equipment 192 Accumulated Depreciation 531 Advertising Expense 532 Delivery Expense 533 Insurance Expense 534 Office Supplies Expense 535 Rent Expense LIABILITIES 210 Accounts Payable 221 Notes Payable 222 Interest Payable 231 Salarles Payable 241 Sales Tax Payable 536 Repairs Expense 541 Mail and Postage Expense 542 Contributions and Donations Expense 543 Meals and Entertainment Expense 561 Depreciation Expense 710 Interest Expense EQUITY 310 Owner, Capital 311 Owner, Drawing General Journal Journalize the entries for the each transactions. Refer to the Chart of Accounts for exact wording of account titles. PAGE 1 JOURNAL DATE DESCRIPTION POST. REF. DEBIT CREDIT Apr. 2 Petty Cash 360.00 360.00 34.00 Cash Mail and Postage Expense Contributions and Donations Expense Meals and Entertainment Expense 19.00 112.00 241 Sales Tax Payable 561 Depreciation Expense

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