FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Please answer with given worksheets to better help me there are 3 questions but only two worksheets given
Also what account are credited and what account are debited
Transcribed Image Text:5
WP-248 CHAPTER 7
e 2020 Cengage May not be scanned, copied or duplicated, or posted to a publicty accessible web
prou
CHAPTER 7 WP-247
1. and 3.
GENERAL JOURNAL
DESCRIPTION
DATE
PAGE
POST.
REF.
DEBIT
CREDIT
11
Problem 7-10A (Concluded)
2. and 3.
PETTY CASH PAYMENTS FOR MONTH OF
PAGE
-0-
CHARIT.
POSTAGE CONTRIB.
AMOUNT SUPPLIES EXPENSE EXPENSE
DISTRIBUTION OF PAYMENTS
TRAVEL &
ENTER.
EXPENSE EXPENSE
TOTAL
OFFICE
PHONE
EXPENSE
MISC.
DAY
DESCRIPTION
NO.
ACCOUNT
AMOUNT
1.
12
14
15
15
Transcribed Image Text:P 7-10A (LO3)
/ Replenishment: Cr. Cash, $149
PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund was
established for $150. The following vouchers were issued during May:
Date
Voucher No.
Purpose
Amount
$ 3.50
Postage due
Office supplies
Auto repair (miscellaneous)
Drawing (Joy Adams)
Donation (Red Cross)
Travel expenses
May 1
1
3
2
11.00
000
43.00
7
4
25.00
11
10.00
15
6.
28.00
22
7
Postage stamps
Phone call
3.50
26
8.
5.00
30
9
6.
Donation (Boy Scouts)
20.00
REQUIRED
1. Prepare the journal entry to establish the petty cash fund.
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
appropriate entry in the petty cash record.
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