Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Score: 1.48 of 2 pts 1 of 4 (1 complete) HW Score: 14.84%, 1.48 of 10 pts & Exercise 8-21 (similar to) Question Help Canadian
Score: 1.48 of 2 pts 1 of 4 (1 complete) HW Score: 14.84%, 1.48 of 10 pts & Exercise 8-21 (similar to) Question Help Canadian Distributors created a $500 imprest petty cash fund on September 7 with the expectation that when the balance reached below $100, it would be replenished. During the first month of use, the fund custodian authorized and signed petty cash tickets as shown below i (Click the icon to view the petty cash tickets.) Required Make general journal entries to (a) create the petty cash fund and (b) record its replenishment at October 15. Cash in the fund totals $170.50. Include explanations First, make the entry to (a) create the petty cash fund (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Journal Entry Accounts and Explanations Debit Credit Sep 7 Petty Cash Tickets Date Ticket No. Item Account Debited Amount 1 Delivery of flyers to customers Delivery Expense $ 133.50 Sep 8 Sep. 22 Sep. 29 2 89.50 Stamp purchase Newsletter 3 65 00 Postage Expense Supplies Expense Miscellaneous Expense Supplies Expense Oct 3 4 Key to closet 14.00 Oct 13 5 Staples 17.50 Print Done hoose from any list or enter any number in the input fields and then click Check Answer. Clear All Check Answer part remaining BI Type here to search 18 Ae Xd ^Dec 0)) ENG 04:07 16-03-2021 44
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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