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Ironman Company has established a petty cash fund and has given responsibility to the office manager to keep records of all petty expenses. Prepare necessary
Ironman Company has established a petty cash fund and has given responsibility to the office manager to keep records of all petty expenses. Prepare necessary journal entries to record the following transactions over the next 2 weeks: (Omit explanations) [15] Feb. 5. Established a petty cash fund of $150.00 12. The petty cash fund now has a balance of $15.00. Replenished the fund based on the following receipts. Postage expense $65.00 Supplies expense $35.00 Delivery expenses $30.00 30. The petty cash fund has $20.00 remaining and is replenished. The petty expenses for the week had supporting vouchers as follows: Stationery expenses $60.00 Meals expense $50.00 Postage $20.00 Delivery charges $10.00
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