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Please help with answering all blanks Lyle Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug.
Please help with answering all blanks
Lyle Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check on Westown Bank for $202. 15 Replenished the petty cash fund by writing a check for $176. On this date, the fund consisted of $26 in cash and these petty cash receipts: freight-out $73.40, entertainment expense $35.00, postage expense $32.70 and miscellaneous expense $31.62. 16 Increased the amount of the petty cash fund to $402 by writing a check for $200. 31 Replenished the petty cash fund by writing a check for $284. On this date, the fund consisted of $118 in cash and these petty cash receipts: postage expense $144.00, entertainment expense $91.96, and freight-out $45.40. Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)Step by Step Solution
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