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Journalize each of the following petty cash transactions: a. On July 1, issued a check to establish a petty cash fund of $745. General Journal

Journalize each of the following petty cash transactions:

a. On July 1, issued a check to establish a petty cash fund of $745.

General Journal Instructions

All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback.

PAGE 1

JOURNAL

ACCOUNTING EQUATION

Score: 0/25

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
1
2

Points:

1.8 / 5

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Check My Work

Recall that the only time Petty Cash is used is when the fund is initially established or increased.

b. On December 31, the amount of cash in the petty cash fund is $119. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $517, and miscellaneous selling expense, $88. Record any missing funds in the cash short and over account.

General Journal Instructions

How does grading work?

PAGE 1

JOURNAL

ACCOUNTING EQUATION

Score: 0/49

DATE DESCRIPTION POST. REF. DEBIT CREDIT ASSETS LIABILITIES EQUITY
1
2
3
4

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