1. The petty cash fund of the Brooks Agency is established at $230. At the end o

Q: 1. The petty cash fund of the Brooks Agency is established at $230. At the end o

1) Journal Entries (Amounts in $) Transaction General Journal Debit Credit 1a Petty Cash 230 Cash 230 (To record the establishment of the petty cash fund) 1b Entertainment Expense 41 Postage Expense 17 Printing Expense 17 Cash (41+17+17) 75 (To record the reimbursement of the petty cash fund)

ID: 2523064 • Letter: 1

Question

1. The petty cash fund of the Brooks Agency is established at $230. At the end of the current period, the fund contained $155 and had the following receipts: entertainment, $41; postage, $17; and printing, $17 Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund ocs at the end of the current period. View transaction list Journal entry worksheet Record the establishment of the petty kash fund. Note: Enter debits before credits Debit Cred Credit Transaction General Journal 1a Record entry Clear entry View general journal

Explanation / Answer

1) Journal Entries (Amounts in $)

Transaction General Journal Debit Credit 1a Petty Cash 230 Cash 230 (To record the establishment of the petty cash fund) 1b Entertainment Expense 41 Postage Expense 17 Printing Expense 17 Cash (41+17+17) 75 (To record the reimbursement of the petty cash fund)

Navigate

1. The petty cash fund of the Brooks Agency is established at $150. At the end o

1. The pharyngeal pouches give rise to all ofthe following ExCEPT the A. Eustach

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

1. The petty cash fund of the Brooks Agency is established at $230. At the end o

Question

Explanation / Answer

Related Questions

Navigate