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SF7-5 (similiar) Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Suppplies. Jan.1 Establish a petty cash fund with a $300
SF7-5 (similiar) Prepare the journal entries for the following petty cash transactions of Pawnee Gaming Suppplies.
Jan.1 Establish a petty cash fund with a $300 balance.
Jan. 31 The petty cash fund has $29 in cash and $282 in petty cash tickets that were issued to pay for Office Supplies ( $222) and Entertainment Expense ($60). Replenished the fund and recorded the expenses.
Feb.15 Increased the balance of the petty cash fund to $350.
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