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journalize the oetty cash transactions (correct the RED please) Bramble Corp. maintains a petty cash fund for small expenditures. These transactions occurred during the month
journalize the oetty cash transactions (correct the RED please)
Bramble Corp. maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $225.00 15 Replenished the petty cash fund by writing a check. On this date, the fund consisted of $3.00 in cash and these petty cash receipts: freight-out $73.00, entertainment expense $35.40, postage expense $33.10, and miscellaneous expense 578.60. 16 Increased the amount of the petty cash fund to $410.00 by writing a check for $185.00. 31 Replenished the petty cash fund by writing a check. On this date, the fund consisted of $120 in cash and these petty cash receipts: postage expense $139.00, entertainment expense $96.00, and freight-out $53.00. *(a) Your answer is partially correct. Try again. Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, eg. 52.75.) Date Account Titles and Explanation Debit Credit Aug, 1 Petty Cash 225 Cash Aug. 15 Freight-Out Entertainment Expense Postage Expense 03.10 Miscellaneous pense 18.60 Cash Over and Short . 223.10 Aug. 18 Betty Cash Cash 1139 Aug 31 postage Expense Entertainment Expense . Cash Over and Short 120 Step by Step Solution
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