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Sunland Raxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $99.On February 28, there were $5
Sunland Raxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $99.On February 28, there were $5 cash and the following petty cash receipts in the petty cash box Receipt No. For Amount $10 Date Feb 15 18 20 1 2 7 Supplies Postage expense Freight in assume perpetual inventory system) Supplies Delivery charges on outgoing freight Supplies 4 25 14 19 26 5 22 27 Record the journal entry on February 14 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 cities and enter for the amounts) Debit Credit Date Account Titles and Explanation Feb 14 Record the journal entry on February 28 to replenish the 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.) Debit Credit Date Account Titles and Explanation Feb. 28
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