Question
SheffieldCompany established a petty cash fund on May 1, cashing a check for $115. The company reimbursed the fund on June 1 and July 1
SheffieldCompany established a petty cash fund on May 1, cashing a check for $115. The company reimbursed the fund on June 1 and July 1 with the following results.
June 1: Cash in fund $3.00.Receipts: delivery expense $28.15, postage expense $36.30, and miscellaneous expense $44.70.July 1: Cash in fund $4.05.Receipts: delivery expense $23.90, entertainment expense $50.70, and miscellaneous expense $36.35.
On July 10,Sheffieldincreased the fund from $115to $145.
Prepare journal entries forSheffieldCompany.(Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.75.)
Date
Account Titles and Explanation
Debit
Credit
choose a transaction date
May 1
June 1
July 1
July 10
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
June 1
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
July 1
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
choose a transaction date
May 1
June 1
July 1
July 10
enter an account title
enter a debit amount
enter a credit amount
enter an account title
enter a debit amount
enter a credit amount
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