Question
TB EX Qu. 4-188 (Static) A company establishes... A company establishes a $300 petty cash fund on August 3 to pay for minor cash expenditures.
TB EX Qu. 4-188 (Static) A company establishes...\ A company establishes a
$300
petty cash fund on August 3 to pay for minor cash expenditures. The fund is replenished at the end of each month. In addition, the company has issued credit cards for more substantial employee purchases. These credit cards are issued to authorized managers. At the end of August, the following employee purchases have been made:\ \\\\table[[Petty Cash Fund,Credit Cards],[Delivery fees,
$100
,Equipment,
$1,400
,],[Plumbing maintenance,70,Advertising,750,],[Postage,40,Supplies,360,],[Flowers for the office,50,,,],[,
$260
,,
$2,510
,]]\ Required:\ Record the establishment of the petty cash fund on August 3, employee expenditures related to the petty cash fund on August 31, and employee expenditures related to credit cards on August 31. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.)\ Journal entry worksheet\ 1\ 2\ 3
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