257 CHAPTER 7 Applying Your Knowledge E 7-6A (LO3) /Replenishment: Cr. Cash, $228.10 PETTY CASH JOURNAL ENTRIES Based on the following petty cash information, prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry to replenish the petty cash fund. On January 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cash drawer: Voucher No. Account Debited Amount Phone Expense $21.20 Automobile Expense James Lucas, Drawing Postage Expense Charitable Contributions Expense Miscellaneous Expense 39.60 85.00 4. 15.30 20.00 47.00
257 CHAPTER 7 Applying Your Knowledge E 7-6A (LO3) /Replenishment: Cr. Cash, $228.10 PETTY CASH JOURNAL ENTRIES Based on the following petty cash information, prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry to replenish the petty cash fund. On January 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cash drawer: Voucher No. Account Debited Amount Phone Expense $21.20 Automobile Expense James Lucas, Drawing Postage Expense Charitable Contributions Expense Miscellaneous Expense 39.60 85.00 4. 15.30 20.00 47.00
Corporate Financial Accounting
14th Edition
ISBN:9781305653535
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter7: Internal Control And Cash
Section: Chapter Questions
Problem 7.4BE
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