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On April 2, Granger Sales decides to establish a $390 petty cash fund to relieve the burden on Accounting. a. Journalize the establishment of the
On April 2, Granger Sales decides to establish a $390 petty cash fund to relieve the burden on Accounting. a. Journalize the establishment of the fund. Apr. 2 b. On April 10, the petty cash fund has receipts for mail and postage of $48, contributions and donations of $20, and meals and entertainment of $82. The remaining cash is $237 in the ending cash balance. Journalize the replenishment of the fund. If an amount box does not require an entry, leave it blank. Apr. 10 c. On April 11, Granger Sales decides to increase petty cash by $170. Journalize this event. Apr. 11
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