Question 1

Prepare journal entries for the following petty cash fund transactions:

Jul. 1 - 9 - 31

Established a $75 petty cash fund. Increased the petty cash fund to $100. Replenished the petty cash fund. Currency and coins remaining were $20.Approved paid vouchers were $12 donation expense, $21postage expense, $30 office supplies expense and $15 miscellaneous expense.

Required:

Prepare in good form the above entries in a General Journal.Proper Dates and an Explanation is required for each entry.