Question
On April 2, Granger Sales decides to establish a $360 petty cash fund to relieve the burden on Accounting. a. Journalize the establishment of the
On April 2, Granger Sales decides to establish a $360 petty cash fund to relieve the burden on Accounting.
a. Journalize the establishment of the fund. If an amount box does not require an entry, leave it blank.
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b. On April 10, the petty cash fund has receipts for mail and postage of $66, contributions and donations of $40, and meals and entertainment of $89, and $164 in cash. Journalize the replenishment of the fund. If an amount box does not require an entry, leave it blank.
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c. On April 11, Granger Sales decides to increase petty cash to $430. Journalize this event. If an amount box does not require an entry, leave it blank.
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Financial Accounting
Authors: Pauline Weetman
6th Edition
0273789252, 978-0273789253
