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Oriola Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug 1 15 16 31 Established
Oriola Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug 1 15 16 31 Established the petty cash fund by writing a check payable to the petty cash custodian for $225. Replenished the petty cash fund by writing a check for $221.70. On this date, the fund consisted of $3.30 in cash and these petty cash receipts: freight-out $94, entertainment expense $45.30, postage expense $43.90, and miscellaneous expense $37.50 Increased the amount of the petty cash fund to $310 by writing a check for $85.00. Replenished the petty cash fund by writing a check for $294.30. On this date, the fund consisted of $15.70 in cash and these petty cash receipts: postage expense $141.10, entertainment expense $94.50, and freight-out $57.00. (a) Journalize the petty cash transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75.) (b) Date Account Titles and Explanation eTextbook and Medla List of Accounts Save for Later Post to the Petty Cash account. Petty Cash Debit Cre Attempts: 0 of 5 used Submit Answer
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