following petty cash transactions of Green Golf Equipment occurred in May 1 Esta

Question

following petty cash transactions of Green Golf Equipment occurred in May 1 Established a petty cash fund with a $200 balance 31 The petty cash fund has $18 in cash and $180 in petty cash tickets that were issued to pay for Office Supplies (581). Delivery Expense ($36). Postage Expense (554) and Miscellaneous Expense (59) The petty cash custodian replenished the fund and recorded the expenses e journal entries. (Record debits first, then, credits Select the explanation on the last line of the journal entry table.) lize the establishment of the petty cash fund Accounts and Explanation Debit Credit ze the replenishment of the fund Acente and Fvnlanatinn nahit Cradit

Explanation / Answer

Journal entry :

Date accounts & explanation debit credit Petty cash 200 Cash 200 (To record establish petty cash fund) Office supplies 81 Delivery expense 36 Postage expense 54 Miscellaneous expense 9 Cash short (over) 2 Cash 182 (To record replenishment of fund)

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