Hi guys.  I need some help with the below.   Thank Brief Exercise 4-35 (Algorithmic) Petty Cash with Change in Fund Balance Canary Inc. maintains a petty cash fund with a balance of $2,200. During the month of September, Canary's employees made routine expenses using cash from the petty cash fund totaling $1,580. At the end of September, Canary replenishes the petty cash account, but it also decides to increase the fund balance to $3,150. Canary classifies all petty cash transactions as miscellaneous expense. Required: Prepare a journal entry to record the petty cash activity. For a compound transaction, if an amount box does not require an entry, leave it blank.   Petty Cash Fund  fill in the blank 2 fill in the blank 3   Miscellaneous Expense  fill in the blank 5 fill in the blank 6   Cash  fill in the blank 8 fill in the blank 9

Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter5: Cash Control Systems
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Hi guys.  I need some help with the below.  

Thank

Brief Exercise 4-35 (Algorithmic)
Petty Cash with Change in Fund Balance

Canary Inc. maintains a petty cash fund with a balance of $2,200. During the month of September, Canary's employees made routine expenses using cash from the petty cash fund totaling $1,580. At the end of September, Canary replenishes the petty cash account, but it also decides to increase the fund balance to $3,150. Canary classifies all petty cash transactions as miscellaneous expense.

Required:

Prepare a journal entry to record the petty cash activity. For a compound transaction, if an amount box does not require an entry, leave it blank.

  Petty Cash Fund  fill in the blank 2 fill in the blank 3
  Miscellaneous Expense  fill in the blank 5 fill in the blank 6
  Cash  fill in the blank 8 fill in the blank 9

 

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