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Journalize the entries to record the following: June 1 Established a petty cash fund of $200. 30 The amount of cash in the petty cash
Journalize the entries to record the following: June 1 Established a petty cash fund of $200. 30 The amount of cash in the petty cash fund is now $57. The fund is replenished based on the following receipts: postage, $25; entertainment, $100; and miscellaneous, $20. note: there is $2 unaccounted for and this, too, requires a Credit journal entry Journal
Date | Description | Post. Ref. | Debit | Credit |
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