On April 2, Granger Sales decides to establish $325.00 petty cash fund to reliev

Question

On April 2, Granger Sales decides to establish $325.00 petty cash fund to relieve the burden on Accounting a. Joumalize the establishment of the fund Apr. 2 b. On Apil 1o, the petty cash fund has receipts for mailand postage of $43.50, cuntributions and donations require an entry, leave i blank or enter "ot and r $2950 meals and enertinment od 613.5s n cash u the rpnt ound your answers to teo decimal places, E necessary Apr 10 c on Arg 1 , Granger Sales decides to increase petty ash to S200.00. bmalue thií evert, pr. 13

Explanation / Answer

Date General Journal Debit Credit Apr. 2 Petty Cash $125 Cash $125 Apr. 10 Mail & Postage $43.50 Contributions and Donations $29.50 Meals & entertainment $38.25 Cash Short and Over $0.20 Cash $111.45 Apr. 11 Petty Cash $75 Cash $75

Related Questions

Navigate

• Browse (All)
• Browse O
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.