Question
Question 2 Pharoah Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $210. On September 30,
Question 2 Pharoah Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $210. On September 30, there were $55 cash and the following petty cash receipts in the petty cash box: Date Receipt No. For Amount Sept. 5 1 Freight in (assume perpetual inventory system) $27 9 2 Delivery charges on outgoing freight 13 14 3 Freight in 27 16 4 Supplies 8 20 5 Delivery charges on outgoing freight 21 29 6 Freight in 40 Record the journal entry on September 4 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Sept. 4 enter an account title for the journal entry on September 4 Petty Cash enter a debit amount 210 enter a credit amount enter an account title for the journal entry on September 4 Cash enter a debit amount enter a credit amount 210 Record the journal entry on September 30 to replenish the fund and decrease the balance to $140. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Date Account Titles and Explanation Debit Credit Sept. 30 enter an account title for the journal entry on September 30 enter a debit amount enter a credit amount enter an account title for the journal entry on September 30 enter a debit amount enter a credit amount enter an account title for the journal entry on September 30 enter a debit amount enter a credit amount enter an account title for the journal entry on September 30 enter a debit amount enter a credit amount enter an account title for the journal entry on September 30 enter a debit amount enter a credit amount enter an account title for the journal entry on September 30 enter a debit amount enter a credit amount.
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