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Please do not write the answer in cursive The following events related to a company's start up of a petty cash fund, occurred in July
Please do not write the answer in cursive
The following events related to a company's start up of a petty cash fund, occurred in July and August of 2021: a) Leviathan Inc, established a $180 petty cash fund on July 1. (2 entries) b) At the end of the month, the petty cash box contained the following: Office Supply receipts... $ 51,50 Freight receipts (Mdse Inv). 64.25 Store Supply receipts.. 59.75 Remaining cash.. 8.85 The petty cash was replenished on July 31 (2 entries) c) On August 1 the size of the petty cash fund was increased by $20. (2 entries) Record the journal entries for July 1, July 31, and August 1; assuming Leviathan makes use of a voucher system. (6 journal entries are required.) Step by Step Solution
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