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Prepare the journal entries for the following petty cash transactions of Sahara Gaming Supplies Oct. 1 Established a petty cash fund with a $400 balance.
Prepare the journal entries for the following petty cash transactions of Sahara Gaming Supplies Oct. 1 Established a petty cash fund with a $400 balance. The petty cash fund has a $ 105 in cash and $280 in petty cash tickets that were issued to pay for transportation ($ 125), Postage ($ 120), and printing ($35). Replenished the fund and recorded the expenditures. 31
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