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T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $450. By the end of April, the fund has a cash
T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $450. By the end of April, the fund has a cash balance of $379. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items $119 Utilities (credit card) Entertainment (petty cash) Stamps (petty cash) Plumbing repair services (credit card) 28 43 214 Required 1. Record the establishment of the petty cash fund on April 3 2. Record credit card expenditures during the month. The credit card balance is paid in full on April 30 3. Record petty cash expenditures during the month (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) Answer is not complete. Date Debit General Journal Credit 0 Petty Cash April 03 450 Cash 450 2 April 30 Utilities Expense 119 Postage Expense 43 Entertainment Expense 28 214 Repairs and Maintenance Expense Petty Cash 71 3 Cash 71 April 30 Petty Cash 71
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