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NEED ASAP View Policies Show Attempt History Current Attempt in Progress Lily Company maintains a petty cash fund for small expenditures. These transactions occurred during
NEED ASAP
View Policies Show Attempt History Current Attempt in Progress Lily Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug 1 15 Established the petty cash fund by writing a check payable to the petty cash custodian for $205. Replenished the petty cash fund by writing a check for $200.40. On this date, the fund consisted of $4.60 in cash and these petty cash receipts: freight-out $92.00, entertainment expense $45.80, postage expense $43.80, and miscellaneous expense $16.90. Increased the amount 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 $142.00, entertainment expense $9220, and freight-out $73.00. 16 31 Post to the Petty Cash account. (Post entries in the order of journal entries presented in the previous port) Petty Cash Step by Step Solution
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