On April 3, Snappy Sales decides to establish a $135 petty cash fund to relieve the burden on Accounting.
a.Journalize the establishment of the fund. If an amount box does not require an entry, leave it blank.
Petty Cash 135
Cash 135
On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of $25.25, meals and entertainment of $68.00, and $9.75 in cash. Journalize the replenishment of the fund.Round your answers to two decimal places.
Mail and Postage expense 32.75contributions and donations 25.25meals and entertainment 68.00Cash short or over 0.75
Cash 125.25
On April 12, Snappy Sales decides to increase petty cash to $175. Journalize this transaction. If an amount box does not require an entry, leave it blank.
Petty cash 40Cash 40
Please let me know if I did it right?
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here