On September 1, French company has decided to initiate a petty cash fund in the amount of $800. A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $126, Postage Expense $260, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $55. B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $19, Supplies $180, Postage Expense $60, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $90, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $191. The cash on hand at this time was $30. D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000. E. On September 30, the petty cash fund needed replenishment as it was month end. The following are the receipts: Auto Expense $18, Supplies $15, Postage Expense $57, Repairs and Maintenance Expense $49, Miscellaneous Expense $29. The cash on hand at this time was $837. Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank.
On September 1, French company has decided to initiate a petty cash fund in the amount of $800. A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $37, Supplies $126, Postage Expense $260, Repairs and Maintenance Expense $168, Miscellaneous Expense $149. The cash on hand at this time was $55. B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $19, Supplies $180, Postage Expense $60, Repairs and Maintenance Expense $269, Miscellaneous Expense $59. The cash on hand at this time was $210. C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto Expense $251, Supplies $90, Postage Expense $63, Repairs and Maintenance Expense $182, Miscellaneous Expense $191. The cash on hand at this time was $30. D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000. E. On September 30, the petty cash fund needed replenishment as it was month end. The following are the receipts: Auto Expense $18, Supplies $15, Postage Expense $57, Repairs and Maintenance Expense $49, Miscellaneous Expense $29. The cash on hand at this time was $837. Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank.
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 1PA: On September 1, French company has decided to initiate a petty cash fund in the amount of $800....
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Transcribed Image Text:Sept. 14
Sept. 23
Sept. 29
Sept. 30
011111 11111II II IIIIII
Transcribed Image Text:On September 1, French company has decided to initiate a
petty cash fund in the amount of $800.
A. On September 5, the petty cash fund needed
replenishment, and the following are the receipts: Auto
Expense $37, Supplies $126, Postage Expense $260,
Repairs and Maintenance Expense $168, Miscellaneous
Expense $149. The cash on hand at this time was $55.
B. On September 14, the petty cash fund needed
replenishment and the following are the receipts: Auto
Expense $19, Supplies $180, Postage Expense $60, Repairs
and Maintenance Expense $269, Miscellaneous Expense
$59. The cash on hand at this time was $210.
C. On September 23, the petty cash fund needed
replenishment and the following are the receipts: Auto
Expense $251, Supplies $90, Postage Expense $63, Repairs
and Maintenance Expense $182, Miscellaneous Expense
$191. The cash on hand at this time was $30.
D. On September 29, the company determined that the
petty cash fund needed to be increased to $1,000.
E. On September 30, the petty cash fund needed
replenishment as it was month end. The following are the
receipts: Auto Expense $18, Supplies $15, Postage Expense
$57, Repairs and Maintenance Expense $49, Miscellaneous
Expense $29. The cash on hand at this time was $837.
Prepare journal entries for the above transactions. If an
amount box does not require an entry, leave it blank.
Sept. 5
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