Question
Make a petty cash journal entry for the following information a. I established the fund by cashing a Superior Cabinets check for $300 made payable
Make a petty cash journal entry for the following information
a. | I established the fund by cashing a Superior Cabinets check for $300 made payable to me. |
b. | Liz Clay provided a receipt for $50 for various supplies. I paid $50 cash to her. |
c. | James Flyer provided a $70 taxi receipt, so I paid $70 cash to him. |
d. | Ricky Ricota claimed to do photocopying for Superior Cabinets at The UPS Store for $97 but had misplaced the receipt. I took him at his word and paid $97 cash to him. |
e. | On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a Superior Cabinets check for $217, placing the cash into the locked cash box. |
f. | James Flyer provided receipts for taxi costs ($75), so I paid $75 cash to him. |
g. | Woo Riun provided a $147 receipt from a local delivery company for an expedited delivery to a customer. I paid her $147 cash. |
h. | Ricky Ricota claimed to have purchased $35 of envelopes, but again he had misplaced the receipt. He showed me a big stack of envelopes, so I paid him $35 cash. |
i. | After requesting that the fund be replenished, I received and cashed a Superior Cabinets check for $257, placing the cash into the locked cash box. |
j. | After suggesting that the petty cash fund be increased, I received and cashed a Superior Cabinets check for $100 cash, which I placed in the locked cash box. |
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