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Question 21 Not yet answered Marked out of 20.00 Flag question The following events related to a company's start up of a petty cash
Question 21 Not yet answered Marked out of 20.00 Flag question The following events related to a company's start up of a petty cash fund, occurred in July and August of 2021: a) Leviathan Inc. established a $180 petty cash fund on July 1. (2 entries) b) At the end of the month, the petty cash box contained the following: Office Supply receipts.............$ 51.50 Freight receipts (Mdse.Inv)... Store Supply receipts... Remaining cash...... 64.25 59.75 8.85 The petty cash was replenished on July 31. (2 entries) c) On August 1 the size of the petty cash fund was increased by $20. (2 entries) Record the journal entries for July 1, July 31, and August 1; assuming Leviathan makes use of a voucher system. (6 journal entries are required.)
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