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Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31.
Instructions Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. 5. On November 1, 2009, Jones Company established a $400 petty cash fund. At the end of November, the petty cash fund contained the following petty cash tickets a b C Postage Office supplies Miscelaneous items $73.50 87.55 90.95 Prepare the journal entry to establish the petty cash fund on November 1 Prepare the journal entry to replenish the fund on November 30 Prepare the journal entry to increase the fund to $600 on December 1: PETTY CASH 1. An imprest petty cash fund of $400 was established for minor disbursements. At the end of the month, the fund included petty cash tickets for the purchase of $185 in supplies, $41 for postage, $86 for fuel and a delivery charge of $65 and cash of $23 eft in PC) How much cash is required to replenish the fund? A) $ 23 B) $226 c) $312 D) $377 2. An impetty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash sckets for the purchase of $185 in supplies, $41 for postage 586 for fuel and a delivery charge of $65. How much cash is let in the fund if there is no shortage or overage? A) $ 23 B) 588 C) 5174 D) $377 3. Animal petty cash fund of $400 was established for minor disbursements. At the end of the month the fund included petty cash Sckets for the purchase of $185 in supplies, 541 for postage, 536 for fuel and a delivery charge of $65. If there is $13 left in the fund how much cash is required to replenish the fund? A) $377 B) $236 C) $387 D) $367 4 On October 1, 2016, Elis Company establishes an impal petty cash fund by issuing a check for $150 to Pat Harmon, the custodian of the petty cash fund On October 31, 2016. Pat Harmon submitted the folowing paid petty cash receipts for replenishment of the petty cash fund when there is $12 cash in the fund Freight-In Supplies Expense Entertainment of Clients Postage Expense Total receipt $25
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