On August 3, Sonar Sales decides to establish a $275 petty cash fund to relieve the burden on Accounting. (a) Journalize the establishment of this fund.* (b) On August 11, the petty cash fund has receipts for mail and postage of $124.75, contributions and donations of $53.25, meals and entertainment of $63.85, and $32.75 in the ending cash balance. Journalize the replenishment of the fund.* (c) On August 12, Sonar Sales decides to increase petty cash to $400. Journalize this transaction.* *Refer to the Chart of Accounts for exact wording of account titles.

On August 3, Sonar Sales decides to establish a $275 petty cash fund to relieve the burden on Accounting. (a) Journalize the establishment of this fund.* (b) On August 11, the petty cash fund has...

On August 3, Sonar Sales decides to establish a $275 petty cash fund to relieve the burden on Accounting.

(a)	Journalize the establishment of this fund.*
(b)	On August 11, the petty cash fund has receipts for mail and postage of $124.75, contributions and donations of $53.25, meals and entertainment of $63.85, and $32.75 in the ending cash balance. Journalize the replenishment of the fund.*
(c)	On August 12, Sonar Sales decides to increase petty cash to $400. Journalize this transaction.*
	*Refer to the Chart of Accounts for exact wording of account titles.

Jun 03, 2022