Unit 1 Assignment Q9. Scenario

Q9.a

Q9.b

Question 9 of 10 > - 5 View Policies Current Attempt in Progress Lily 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 $220. 15 Replenished the petty cash fund by writing a check for 9 216.50. On this date, the fund consisted of $3.50 in cash and these petty cash receipts freight-out $92. entertainment expense $47. 10, postage expense $43.50. and miscellaneous expense $32.50) 16 Increased the amount of the petty cash fund to $305 by writing a check for $85.00. 31 Replenished the petty cash fund by writing a check for $288.60. On this date the fund consisted of $16.40 in cash and these petty cash receipts postage expense $138. 10. entertainment Expense $940. and freight-out $55.10. Question 9 of 10 a > IS Journalize the petty cash transactions, (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75.) Date Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts Save for later Attempts: 0 of 5 used Submit Answer (b Post to the Petty Cash account Petty Cash > V e Textbook and Media List of Accounts Save for later Attempts: 0 of 5 used Subenit