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On April 2, Granger Sales decides to establish a $370 petty cash fund to relleve the burden on Accounting. Required: (a) Joumalize the establishment of
On April 2, Granger Sales decides to establish a $370 petty cash fund to relleve the burden on Accounting. Required: (a) Joumalize the establishment of the fund. (b) On April 10, the potty cash fund has receipts for mail and postage of $30, contributions and donations of $13, moals and entertainment of $102, and $224 In the ending cash batance. Journalize the replenishment of the fund. (c) on April 11, Granger Sales decides to increase potty cash to $490. Journalize this event. "Refer to the Chart of Accounts for exact wording of account titles
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