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On April 2, Granger Sales decides to establish a $380 petty cash fund to relieve the burden on Accounting. Required: (a) Joumaize the establishment of
On April 2, Granger Sales decides to establish a $380 petty cash fund to relieve the burden on Accounting. Required: (a) Joumaize the establishment of the fund." (b) on April 10, the petty cash rund has receipts for mail and postage of $64, contributions and donations of 836, meals and entertainment of $92 and 5186 in the ending cash balance. Journalize the replershment of the fund (c) on April 11, Granger Sales decides to increase petty cash to $520. Journalize this event. "Refer to the Chart of Accounts for exact wording of account titles
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