On May 1, a petty cash fund was established for $200.00. The following vouchers were issued during May: Date Voucher No. Purpose Amount May 1 Postage due $ 3.70 2. Office supplies 11.00 3 Auto repair (miscellaneous) 41.00 7 Drawing (Joy Adams) 21.00 11 Donation (Red Cross) 10.00 15 6. Travel expenses 24.00 22 7 Postage stamps 3.20 26 8 Phone call 4.00 30 Donation (Boy Scouts) 21.00 Required: 1. Prepare the journal entry to establish the petty cash fund.

Journal entry for: Feb1: paid rent for February amounting to $660, cheque#3354. Feb1: Tee R Us decided to establish a petty cash fund for the office. A cheque #3355 of $500 was issued and cashed

Please help

Petty cash book transactions in Prime books entries?

On May 1, a petty cash fund was established for $200. The following vouchers were issued during May. Date Voucher Purpose Amount May   1 1 Office supplies $ 3.00          3 2 Birthday gift for office worker (misc. exp.) 15.00              5 3 Mileage reimbursement 5.00         7 4 Postage due 2.00         8 5 Office supplies 4.00        11 6 Donation—Goodwill (contribution exp.) 10.00        15 7 Telephone call (telephone exp.) 5.00            21 8 Mileage reimbursement 11.00       23 9 Withdrawal by owner (Carla Sanchez) 20.00       25 10 Postage due 3.50      26 11 Office supplies 17.00           28 12 Copier repair (misc. exp.) 18.50   Required: 1. Prepare the journal entry to establish the petty cash fund on May 1. 2. Record the vouchers in the petty cash record. Total and rule the petty cash record. 3. Prepare the journal entry to replenish the petty cash fund. Make…

The custodian of a $735 petty cash fund discovers that the fund has $157.50 in coins and currency plus $553.50 in receipts at the end of the month. The entry to replenish the petty cash fund will include: Multiple Choice A debit to Cash for $530. A debit to Petty Cash for $553.50. A credit to Cash Over and Short for $578. A credit to Cash for $553.50 A dohit to Cach Over and Short for $24.00 Help I Save & Exit

6

Suppose that on June 1, Cool Gyrations l, a disc jockey service, create a a petty cash with an impress balance of $400. During June, Ruth Mangan, fund custodian, signs the following petty cash ticket: On June 30, prior to replenishment, the fun contains these tickets plus cash of $246. The accounts affected cash payments are Office Supplies, Entertainment Expense l, and postage Expense .