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Swifty Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund
Swifty Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $200. 15 Replenished the petty cash fund by writing a check for $196.50. On this date, the fund consisted of $3.50 in cash and these petty cash receipts: freight-out $92.00, entertainment expense $45.70, postage expense $43.10, and miscellaneous expense $14.00. 16 Increased the amount of the petty cash fund to $320 by writing a check for $120.00. 31 Replenished the petty cash fund by writing a check for $303.30. On this date, the fund consisted of $16.70 in cash and these petty cash receipts: postage expense $141.00, entertainment expense $94.80, and freight-out $66.00. (b) Post to the Petty Cash account. (Post entries in the order of journal entries presented in the previous part.) Petty Cash eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Subm
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