Question
On January 2, Jasmines Floral Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued
On January 2, Jasmines Floral Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $68; Delivery Expense, $109; and Miscellaneous Expense, $14. Indicate how this transaction would be recorded in a cash payments journal.
| CASH PAYMENTS JOURNAL | Accounts Payable Debit | Other Accounts Debit | Purchases Discounts Credit | Date | CK.No. | Description | Account Title | Amount | Cash Credit | Jan 02, 2019 | 3100 | Petty cash | 300 | Supplies | $300 | $300 | Jan 31, 2019 | 3159 | |||||||||||||||||||||||||||||||||||
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Cost Accounting A Managerial Emphasis
Authors: Srikant M. Datar, Madhav V. Rajan, Charles T. Horngren, Louis Beaubien, Chris Graham
7th Canadian Edition
133138445, 978-0133926330, 133926338, 978-0133138443
