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On March 2, Crane Company established a petty cash fund of $100. On March 27, the fund was replenished when it had $17 in cash
On March 2, Crane Company established a petty cash fund of $100. On March 27, the fund was replenished when it had $17 in cash and receipts for supplies $22, postage for $27, and repairs expense $34. Your answer is partially correct. Prepare the journal entry to establish the petty cash fund on March 2. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit March 2 Petty Cash 100 Cash 100 e Textbook and Media List of Accounts Your answer is partially correct. Prepare the journal entry to replenish the petty cash fund on March 27. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit March 27 Supplies 22 Postage Expense 27 Repairs Expense 34 Cash 17 e Textbook and Media List of Accounts
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