Answered: Voucher No. Account Debited Amount…

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter14: Adjustments And The Work Sheet For A Merchandising Business

Section: Chapter Questions

Problem 1MC

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Question

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
Automobile Expense
James Lucas, Drawing
Postage Expense
Charitable Contributions Expense
Miscellaneous Expense
$21.20
2
39.60
3
85.00
4
15.30
5
20.00
47.00

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