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On March 2, Sheridan Company established a petty cash fund of $105. On March 27, the fund was replenished when it had $17 in cash
On March 2, Sheridan Company established a petty cash fund of $105. On March 27, the fund was replenished when it had $17 in cash and receipts for supplies $20, postage for $27, and repairs expense $41. 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 0 for the amounts.) Date Account Titles and Explanation Debit Credit March 2 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 o for the amounts.) Date Account Titles and Explanation Debit Credit March 27
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