Question Content Area

On April 2, Granger Sales decides to establish a $350 petty cash fund to relieve the burden on Accounting.

Question Content Area

a. Journalize the establishment of the fund. If an amount box does not require an entry, leave it blank.

Apr. 2CashInterest RevenueNotes ReceivablePetty CashSales- Select -- Select - CashInterest RevenueNotes ReceivablePetty CashSales- Select -- Select -

Question Content Area

b. On April 10, the petty cash fund has receipts for mail and postage of $53, contributions and donations of $18, and meals and entertainment of $85, and $193 in cash. Journalize the replenishment of the fund. If an amount box does not require an entry, leave it blank.

Apr. 10Accounts PayableCashMail and Postage ExpensePetty CashSales- Select -- Select - Accounts ReceivableCashContributions and Donations ExpensePetty CashSales Discounts- Select -- Select - CashMeals and Entertainment ExpensePetty CashSalesSales Discounts- Select -- Select - Accounts ReceivableCashCash Short and OverPetty CashSales Discounts- Select -- Select - CashCash Short and OverContributions and Donations ExpenseMail and Postage ExpensePetty Cash- Select -- Select -

Question Content Area

c. On April 11, Granger Sales decides to increase petty cash to $440. Journalize this event. If an amount box does not require an entry, leave it blank.

Apr. 11CashInterest RevenueNotes ReceivablePetty CashSales- Select -- Select - CashInterest RevenueNotes ReceivablePetty CashSales- Select -- Select