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Suppose that on June 1, Fab Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $400. During June, Sunny
Suppose that on June 1, Fab Gyrations, a disc jockey service, creates a petty cash fund with an imprest balance of $400. During June, Sunny Lewis, fund custodian, signs the following petty cash tickets: (Click the icon to view the petty cash tickets.) On June 30 , prior to replenishment, the fund contains these tickets plus cash of $237. The accounts affected by petty cash payments are Office Supplies, Entertainment Expense, and Postage Expense. Read the requirements. Journalize the replenishment of the fund. (Prepare a single compound journal entry.) Requirement 3. Make the entry on May 1 to increase the fund balance to $475. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table.) Data table
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