The petty cash fund of $260 for Marin Beauty Supply Company appeared as follows on December 31, 2025:CashPetty cash vouchers$50.04Freight-in$65.27Postage60.05Balloons for a special occasion (Misc. Exp.)41.00Meals (Misc. Exp.)34.00(b)Prepare the general journal entry to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places,e.g. 25.20.List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)Account Titles and ExplanationDebitCredit

A modest sum of money set away by a company or association for bitsy, ongoing costs that come up…

The petty cash fund of $260 for Marin Beauty Supply Company appeared as follows on December 31, 2025: Cash Petty cash vouchers $50.04 Freight-in $65.27 Postage 60.05 Balloons for a special occasion (Misc. Exp.) 41.00 Meals (Misc. Exp.) 34.00

The petty cash fund of $260 for Marin Beauty Supply Company appeared as follows on December 31, 2025: Cash Petty cash vouchers $50.04 Freight-in $65.27 Postage 60.05 Balloons for a special occasion (Misc. Exp.) 41.00 Meals (Misc. Exp.) 34.00

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section: Chapter Questions

Problem 1AP

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On May 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,200. Prepare journal entries for the following transactions: A. On July 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $368, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $38. B. On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $95, Postage Expense $240, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $80. C. On June 23, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $251, Supplies $188, Postage Expense $263, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $93. D. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000. E. On June 30, the petty cash fund needed replenishment as it was month-end. The following are the receipts: Auto Expense $114, Supplies $75, Postage Expense $50, Repairs and Maintenance Expense $121, Miscellaneous Expense $39. The cash on hand at this time was $603.
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On April 2, Granger Sales decides to establish a $280 petty cash fund to relieve the burden on ACcounting. a. Journalize the establishment of the fund. If an amount box does not require an entry, leave it blank. Apr. 2 b. On April 10, the petty cash fund has receipts for mail and postage of $41, contributions and donations of $19, and meals and entertainment of $109, and $107 in cash. Journalize the replenishment of the fund. If an amount box does not require an entry, leave it blank. Apr. 10 c. On April 11, Granger Sales decides to increase petty cash to $380. Journalize this event. If an amount box does not reguire an entry, leave it blank. Apr. 11