Your answer is partially correct. Try again. During October, Crane Company exper

Question

Your answer is partially correct. Try again. During October, Crane Company experiences the following transactions in establishing a petty cash fund. Oct. 1 A petty cash rund is established with a check for 146.00 issued to the petty cash custodian. 31 A check was written to reimburse the fund and increase the fund to $196.00. A count of the petty cash fund disclosed the following items: Currency Coins Expenditure receipts (vouchers) $59.00 2.07 Supplies Telephone, Internet, and fax Postage Freight-Out $24.73 15.03 38.33 5.43 aurnalize the entries in October that pertain to the petty cash fund. (Round answers to 2 decimal places, e.g. 52.75. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Oct. 1 Petty Cash Cash 146 Oct. 31 Supplies 24.73 Expense 15.03 Postage Expense 38,33 Freight-Out 5.43 Over and Short Petty Cash 134.93 Cash 51.07

Explanation / Answer

Supplies 24.73 Miscellaneous expense 15.03 Postage expense 38.33 Freight out 5.43 Cash over and short 1.41 Petty cash 50       Cash 134.93

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