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Prepare the journal entries for the following petty cash transactions of Hank Gaming Supplies: Jul. 1 Established a petty cash fund with a $150 balance.
Prepare the journal entries for the following petty cash transactions of Hank Gaming Supplies: Jul. 1 Established a petty cash fund with a $150 balance. The petty cash fund has $14 in cash and $141 in petty cash tickets that were issued to pay for Office Supplies ($11) Jul. 31 and Entertainment Expense ($130). Replenished the fund and recorded the expenses. Aug. 15 Increased the balance of the petty cash fund to $200. Prepare journal entries. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Journalize the establishment of the petty cash fund. Date Accounts and Explanation Debit Credit Jul. 1 Choose from any list or enter any number in the input fields and then click Check
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