Waterway 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...


Waterway 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 $210.

15

Replenished the petty cash fund by writing a check for $206.50. On this date, the fund consisted of $3.50 in cash and these petty cash receipts: freight-out $94, entertainment expense $47.00, postage expense $43.90, and miscellaneous expense $20.40.

16

Increased the amount of the petty cash fund to $305 by writing a check for $95.00.

31


Replenished the petty cash fund by writing a check for $289.00. On this date, the fund consisted of $16.00 in cash and these petty cash receipts: postage expense $140.40, entertainment expense $92.80, and freight-out $54.10.



Journalize the petty cash transactions and post to the Petty Cash account.




(b)<br>Post to the Petty Cash account.<br>Petty Cash<br>

Extracted text: (b) Post to the Petty Cash account. Petty Cash
(a)<br>Journalize the petty cash transactions. (List all debit entries before credit entries. Credit account titles are automatically indented<br>when amount is entered. Do not indent manually. Round answers to 2 decimal places, eg. 52.75.)<br>Date<br>Account Titles and Explanation<br>Debit<br>Credit<br>><br>><br>

Extracted text: (a) 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 > >

Jun 09, 2022
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