TION yahoo mail Help Save & Exlt Subml On January 2. Jasmine\'s Beauty Supplies

Question

TION yahoo mail Help Save & Exlt Subml On January 2. 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, $49 Delivery Expense, $90, and Miscelianeous Expense, $25 Indicate how these transactions would be recorded in a general journal Journal entry worksheet Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund Note: Enter debts before credits Debit Credit Date General Journal Jan 02 2019

Explanation / Answer

the following are the journal entries:

date journal debit credit Jan 02,20190 Petty cash a/c $300 ...............To Cash a/c $300 (being check issued to establish petty cash fund) 2nd journal entry januery 31 Supplies a/c $49 Delivery expense a/c $90 Miscellaneous expense a/c $25 .....................To Cash a/c $164 (to replinish petty cash fund)

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