On September 1, a company established a petty cash fund of $200. On September 10
ID: 2393331 • Letter: O
Question
On September 1, a company established a petty cash fund of $200. On September 10, the petty cash fund was replenished when there was $32 remaining and there were petty cash receipts for supplies, $54, and postage, $108. On September 15, the petty cash fund was increased to $250 Required Prepare the journal entries, if any, required on September 1, September 10, and September 15. (If no entry is required for a transaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet 2 Record an amount of $200 towards petty cash fund. Note: Enter debits before credits Date General Journal Debit Credit Sep 01Explanation / Answer
GENERAL LEDGER
DATE
DESCRIPTION
DEBIT
CREDIT
1 September
Petty Cash
200
Cash
200
(Established Petty Cash Fund)
10 September
Supplies expenses
54
Postage expenses
108
Cash Short (Over)
6
Cash
168
(Replenished petty cash fund)
15 September
Petty Cash
250
Cash
250
(Petty cash fund raised)
GENERAL LEDGER
DATE
DESCRIPTION
DEBIT
CREDIT
1 September
Petty Cash
200
Cash
200
(Established Petty Cash Fund)
10 September
Supplies expenses
54
Postage expenses
108
Cash Short (Over)
6
Cash
168
(Replenished petty cash fund)
15 September
Petty Cash
250
Cash
250
(Petty cash fund raised)
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