Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Question 4 of 11 -/1 View Policies Current Attempt in Progress Blossom Buttons uses a petty cash imprest system. The fund was established on September
Question 4 of 11 -/1 View Policies Current Attempt in Progress Blossom Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $200. On September 30, there were $52 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) $22 9 2 Delivery charges on outgoing freight 11 14 3 Freight in 26 16 4 Supplies 10 20 5 Delivery charges on outgoing freight 21 29 6 Freight in 41 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 for the amounts.) Date Account Titles and Explanation Debit Credit Question 4 of 11 -/1 Date Account Titles and Explanation Debit Credit Sept. 4 e Textbook and Media List of Accounts Record the journal entry on September 30 to replenish the fund and decrease the balance to $120. (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 for the amounts.) Date Account Titles and Explanation Debit Credit Sept. 30 Question 4 of 11 -/1 Record the journal entry on September 30 to replenish the fund and decrease the balance to $120. (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 O for the amounts.) Date Account Titles and Explanation Debit Credit Sept. 30 e Textbook and Media List of Accounts
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started