Question
Pharoah Company maintains a petty cash fund for small expenditures. The following transactions occurred over a two-month period: Feb. 1 Established petty cash fund by
Pharoah Company maintains a petty cash fund for small expenditures. The following transactions occurred over a two-month period:
Feb. 1 | Established petty cash fund by writing a cheque on Algonquin Bank for $200.00. | |||||||||||||
Feb. 15 | Replenished the petty cash fund by writing a cheque for $195.00. On this date the fund consisted of $5.00 in cash and the following petty cash receipts:
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Feb. 28 | Replenished the petty cash fund by writing a cheque for $152.00. At this date, the fund consisted of $48.00 in cash and the following petty cash receipts:
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Mar. 15 | Replenished the petty cash fund by writing a cheque for $187.00. On this date, the fund consisted of $13.00 in cash and the following petty cash receipts:
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Mar. 16 | Increased the amount of the petty cash fund to $250.00 by writing a cheque for $50.00. | |||||||||||||
Mar. 31 | Replenished the petty cash fund by writing a cheque for $234.00. On this date, the fund consisted of $16.00 in cash and the following petty cash receipts:
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(a) Journalize the petty cash transactions. (Credit account titles are automatically indented when 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. Record journal entries in the order presented in the problem.)
Date | Account Titles and Explanation | Debit | Credit |
Feb. 1Feb. 15Feb. 28Mar. 15Mar. 16Mar. 31 | |||
Feb. 15 | |||
Feb. 28 | |||
Mar. 15 | |||
Feb. 1Feb. 15Feb. 28Mar. 15Mar. 16Mar. 31 | |||
Mar. 31 | |||
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