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need a correct answer fund on September 7 with the expectation that when the balance reached below $100, it would be replenished. During the first
need a correct answer
fund on September 7 with the expectation that when the balance reached below $100, it would be replenished. During the first few weeks of use, the fund custodian authorized and signed petty cash tickets as shown below. Ticket No. Date Item Account Debited Amount Sep. 8 1 $228.80 2 85.98 Sep. 22 Sep. 29 Oct. 3 3 Delivery of flyers Delivery Expense to customers Stamp purchase Postage Expense Newsletter Supplies Expense Key to closet Miscellaneous Expense Staples Supplies Expense 60.40 3 4 9.52 Oct. 13 5 un 14.72 Required Make general journal entries to (a) create the petty cash fund and (b) record its replenishment at October 15. Cash in the fund totals $97.58. Include explanationsStep by Step Solution
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