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On August 3, Sonar Sales decides to establish a $275.00 Petty Cash Account to relieve the burden on Accounting. a. Journalize this event. Aug. 3
On August 3, Sonar Sales decides to establish a $275.00 Petty Cash Account to relieve the burden on Accounting. a. Journalize this event. Aug. 3 b. On August 11 , the petty cash fund has receipts for mail and postage of $124.75, contributions and donations of $53.25, meals and entertainment of $63.85, and $32.75 in cash. Journalize the replenishment of the fund. Round your answers to two decimal places. If an amount box does not require an entry, leave it blank or enter "0". c. On August 12, Sonar Sales decides to increase petty cash to $400.00. Journalize this transaction. Aug. 12
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