PLEASE HELP ME SOLVE THESE 3 CASH AND INTERNAL CONTROLS PROBLEMS.
IT IS LOOKING FOR JOURNAL ENTRIES
tion 6 Take me to the text Nat checked On June 7, 2019, Betty decided to use a petty cash fund for her small business. A cheque of $150 was issued and cashed. The $150 cash was given to the store supervisor who was to act as petty cashier. The petty cashier was told to obtain authorized vouchers for all payments. Petty cash was to be replenished when the balance in the cash box reached Marked aut af 18.00 $13. Flag 3) Record the establishment of the fund on June 7. question b) On June 19, this summary was prepared: Advertising Expense $51.00 Maintenance Expense $21.00 Miscellaneous Expense | $35.00 Postage Expense $30.00 Total $137.00 Prepare the entry to replenish the petty cash. c) On June 23, it was decided to increase the amount of the petty cash fund from $150 to $190. A cheque of $40 was issued. Record the transaction. Do not enter dollar signs or commas in the input boxes. Date Account Title and Explanation Debit Credit 2019 Jun 7 Set up the petty cash fund Enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 Jun 19 Replenish the petty cash fund Date Account Title and Explanation Debit Credit 2019 Jun 23 Increase the petty cash floatQuestion 7 Take me to the text Not checked Marked out of The petty cash fund was established on May 12, 2019 in the amount of $240. Expenditures from the fund by the custodian as of May 31, 2019, were evidenced by approved receipts for the following. 22.00 Advertising Expense $19.98 Flag Delivery Expense $52.98 question Maintenance Expense $38.23 Miscellaneous Expense $14.34 Postage Expense $27.3 Supplies Expense $59.17 On May 31, 2019, the petty cash fund was replenished and increased to $290; currency and coin in the fund at that time totaled $24.49. Do not enter dollar signs or commas in the input boxes. a) Record the journal entry on May 12 to establish the petty cash fund. Date Account Title and Explanation Debit Credit 2019 May 12 Set up the petty cash fund b) Record on the journal entry on May 31 to replenish the petty cash fund. Enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 May 31 Replenish the petty cash fundan 8 Take me to the text Nat checked Marked out of On August 20, 2019, Vacation Enterprises established a $425 petty cash fund. 16.00 ) Prepare the entry to record the establishment of the fund. Y Flag b) At the end of the month, the petty cash custodian analyzed all the monthly transactions. She opened the petty cash box and counted $142 cash remaining. There were also two receipts in the petty cash box: receipt # 1: $128 - Entertainment and receipt #2: $139 - Travel. Record the journal entries for this month's expenses and replenish the fund question c) At the end of the month, Vacation Enterprises wanted to increase the petty cash fund by $75. Prepare the journal entry to record the increase in petty cash fund. Do not enter dollar signs or commas in the input boxes. For transactions with more than one debit or credit. enter the accounts in alphabetical order. Date Account Title and Explanation Debit Credit 2019 Aug 20 Set up the petty cash fund Aug 3 Replenish the petty cash fund Aug 3 Increase the petty cash float
