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Ludwig Inc completed the following petty cash transactions during January 2014 January 1 Drewan 530000 cheque, cashed it, and gave the proceeds and the potty
Ludwig Inc completed the following petty cash transactions during January 2014 January 1 Drewan 530000 cheque, cashed it, and gave the proceeds and the potty cash box to Sandra Castell the potty cashier January 4 Paid $140.10 COD charges on merchandiso purchased for resale assume a perpetual inventory system) January 7 Purchased paper for office copier, 512230 January 9 Purchased paper for office copier, S159 20 January 12 Purchased paper for office copier $126 80 January 15 Paid $122.05 for Stamps January 31 Sandra Castell sorted the petty cash receipts by accounts affected and exchanged them for a chaque to reimburse the fund for expenditures However, there was only $128.00 in cash in the fund. In addition the size of the petty cash fund was decreased to $775 00 a) Enter the journal entry to establish the petty cash tund Entorn uppropinato description, and enter the date in the format did mom do 150an) General Joumal Page GT Date Account Expansion De Credit b) Enter the journal entry to to record the combursement and the increase decrease of the fund Entor on propriate descripbon and enter the date in the format ad mm 154 General Journal Account Explanation Page 1 F Debit Credit Da
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