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The James company wants you to establish a petty cash find and replenish it at the end of the month. You are provided with the
The James company wants you to establish a petty cash find and replenish it at the end of the month. | |||||||||
You are provided with the following: | |||||||||
02-Jul | $100 petty cash fund is established | ||||||||
31-Jul | Theses vouchers existed | ||||||||
Donations | $ 20.00 | ||||||||
Postage | $ 18.00 | ||||||||
Supplies | $ 25.00 | ||||||||
Miscellaneous | $ 25.00 | ||||||||
There was $15.00 remaining in the fund on July 31 | |||||||||
Required: | |||||||||
Record the entry to create the fund, and to replenish it, then one to increase the fund by $50 | |||||||||
Date | Debit | Credit | |||||||
01-Jul | |||||||||
31-Jul | |||||||||
31-Jul | |||||||||
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