Question
Prepare journal entries for each of the following (refer to the Chart of Accounts for exact wording of account titles): Instructions A. On March 1,
Prepare journal entries for each of the following (refer to the Chart of Accounts for exact wording of account titles):
Instructions | |
A. | On March 1, issued a check to establish a petty cash fund of $900. |
B. | On April 1, the amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $550 and miscellaneous selling expense, $200. Record any missing funds in the cash short and over account. |
Chart of Accounts
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Journal
A. On March 1, issued a check to establish a petty cash fund of $900. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | |
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1 |
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2 |
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B. On April 1, the amount of cash in the petty cash fund is $115. Issued a check to replenish the fund, based on the following summary of petty cash receipts: store supplies, $550 and miscellaneous selling expense, $200. Record any missing funds in the cash short and over account. Refer to the Chart of Accounts for exact wording of account titles.
PAGE 1
JOURNAL
DATE | DESCRIPTION | POST. REF. | DEBIT | CREDIT | |
---|---|---|---|---|---|
1 |
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2 |
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3 |
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4 |
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