Question
On September 1, Bartoletti Company established a petty cash fund for $100. On September 10, you find the following items in the cash box: Receipts
On September 1, Bartoletti Company established a petty cash fund for $100.
On September 10, you find the following items in the cash box:
Receipts for postage ($21.50), transportation-in ($32.00), and office supplies ($27.00).
$16.50 in cash.
It was decided to increase the amount of the fund to $125 when replenishing it.
Required: Prepare TWO journal entries:
1. Establish the fund.
2. Replenish/reimburse (& increase) the fund.
use template below
GENERAL JOURNAL
| Date | Account Titles and Explanation | PR | Debit | Credit | |
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Auditing That Matters Case Studies
Authors: Norman David Marks
1st Edition
B089J17FFW, 979-8650160410
