Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Journalize the entries: Two lines for Oct. 1 and 7 lines for Oct. 31. Thank you! Exercise 7-15 Your answer is partially correct. Try again.
Journalize the entries: Two lines for Oct. 1 and 7 lines for Oct. 31. Thank you!
Exercise 7-15 Your answer is partially correct. Try again. During October, Crane Company experiences the following transactions in establishing a petty cash fund Oct. 1 A petty cash fund is established with a check for $146.00 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund disclosed the following items: Currency Coins Expenditure receipts (vouchers): $59.00 2.07 Supplies Telephone, Internet, and fax Postage Freight-Out $24.73 15.03 38.33 5.43 Journalize the entries in October that pertain to the petty cash fund. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started