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undefined Bonita Company maintains a petty cash fund for small expenditures. These transactions occurred during the month of August. Aug. 1 Established the petty cash
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Bonita 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 $205. 15 Replenished the petty cash fund by writing a check for $200.30. On this date, the fund consisted of $4.70 in cash and these petty cash receipts: freight-out $92.00, entertainment expense $46.00, postage expense $41.50, and miscellaneous expense $18.90. 16 Increased the amount of the petty cash fund to $320 by writing a check for $115.00. 31 Replenished the petty cash fund by writing a check for $304.40. On this date, the fund consisted of $15.60 in cash and these petty cash receipts: postage expense $138.10, entertainment expense $94.60, and freight-out $70.20. (a) Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 52.75.) Date Account Titles and Explanation Debit CreditStep by Step Solution
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