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NEED ASAP Lily Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug 1 Established the petty
NEED ASAP
Lily Company 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 $205 15 16 Replenished the petty cash fund by writing a check for $200.40. On this date, the fund consisted of $460 in cash and these petty cash receipts freight-out $9200, entertainment expense $45.80, postage expense 542.80 and miscellaneous expense $16.90, Increased the appeunt of the petty cash fund to $325 by writing a check for $120.00 Replenished the petty cash fund by writing a check for $308.30. On this date, the fund consisted of $16.70 in cash and these petty cash receipts postage expense 5142.00. entertainment expense 59220, and freightout $73.00 31 (a) Journalize the petty cash transactions. Credit account titles are automatically indented when amount is entered Dometinden manually Round answers to 2 decimal places s 52.750 Date Account Titles and Explanation Debit Credit Step by Step Solution
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