Question: The following transactions were made by Landers Corp. in March 2015. Mar. 1 Established a petty cash fund of $200 12 Reimbursed the fund for
The following transactions were made by Landers Corp. in March 2015.
Mar. 1 Established a petty cash fund of $200
12 Reimbursed the fund for the following:
Postage $10
Office supplies 50
Maintenance 35
Meals (selling expenses) 25
$120
18 Increased the fund by an additional $200
25 Reimbursed the fund for the following:
Office supplies $75
Delivery charges 30
$105
28 Reduced the amount of the fund to $350.
Required: Prepare journal entries to record these transactions.
Mar. 1 Established a petty cash fund of $200
12 Reimbursed the fund for the following:
Postage $10
Office supplies 50
Maintenance 35
Meals (selling expenses) 25
$120
18 Increased the fund by an additional $200
25 Reimbursed the fund for the following:
Office supplies $75
Delivery charges 30
$105
28 Reduced the amount of the fund to $350.
Required: Prepare journal entries to record these transactions.
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