Answer Happy

► Quiz navigat On December 1, Fast Translators decided to establish a petty cash fund for the office. A cheque of $290 was issued and cashed. The $290 cash was given to the office manager who was to act as the petty cashier. He decided that the petty cash fund should be replenished when the balance in the cash box reached $70. De not enter dollar signs or commas in the input boxes. a) Record the establishment of the petty cash fund on December 1. Date Account Title and Explanation Debit Credit Dec 1 3 To set up petty cash fund b) On December 25, the balance in the petty cash account was 570 A summary of the expenses was prepared. Delivery Expense 5128 Maintenance Expense $47 Postage Expense 534 Supplies Expense $10 Totul $219 Prepare the journal entry to replenish the petty cash fund.
b) On December 25, the balance in the petty cash account was $70. A summary of the expenses was prepared. Delivery Expense $128 Maintenance Expense $47 Postage Expense $34 Supplies Expense $10 Total $219 Prepare the journal entry to replenish the petty cash fund. Enter the debit accounts in alphabetical order. Date Account Title and Explanation Debit Credit Dec 25 . <> 수 .
c) On December 31, with input from the petty cashier, management decided to increase the amount of the petty cash fund from $290 to $370. A cheque for $80 was issued. Record the transaction Date Account Title and Explanation Debit Credit Dec 31 . . To increase the petty cash fund Next page