Hh.59. On January 2, 20X1, Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; DeliveryExpense, $96; and Miscellaneous Expense, $31.Required:Indicate how these transactions would be recorded in a general journal.1<Record the entry for Check 3100 for $300 to establish a petty cash fund.Note: Enter debits before credits.DateJan. 2, 20X1212DateJan. 31, 20X1Note: Enter debits before credits.General JournalRecord an entry for check 3159 issued to replenish its petty cash fund. Ananalysis of payments from the fund showed these totals: Supplies, $55;Delivery Expense, $96; and Miscellaneous Expense, $31.DebitGeneral JournalDebitCreditCredit>

Petty cash refers to the amount that is kept aside in the business for the payments of small amounts…

On January 2, 20X1, Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; Delivery Expense, $96; and Miscellaneous Expense, $31. Required: Indicate how these transactions would be recorded in a general journal. < 1 2 Record the entry for Check 3100 for $300 to establish a petty cash fund. >

On January 2, 20X1, Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; Delivery Expense, $96; and Miscellaneous Expense, $31. Required: Indicate how these transactions would be recorded in a general journal. < 1 2 Record the entry for Check 3100 for $300 to establish a petty cash fund. >

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 6SEB

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