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On April 2, Granger Sales decides to establish a $380 petty cash fund to relieve the burden on Accounting. a. Journalize the establishment of the
On April 2, Granger Sales decides to establish a $380 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. Apr. 2 Petty Cash 380 Cash 380 b. On April 10, the petty cash fund has receipts for mail and postage of $47, contributions and donations of $21, meals and entertainment of $111, and $198 in cash. Journalize the replenishment of the fund. Record any missing funds in the cash short and over account. If an amount box does not require an entry, leave it blank. Apr. 10 Cash Contributions and Donations Expense Meals and Entertainment Expense Cash Short and Over Mail and Postage Expense c. On April 11, Granger Sales decides to increase petty cash to $490. Journalize this event. If an amount box does not require an entry, leave it blank. Apr. 11 Petty Cash Cash
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