During October, Bismark Light Company experiences the following transactions in establishing a petty cash fund. Oct. 1

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During October, Bismark Light Company experiences the following transactions in establishing a petty cash fund.
Oct. 1 A petty cash fund is established with a check for $150 issued to the petty cash custodian.
31 A check was written to reimburse the fund and increase the fund to $200. A count of the petty cash fund disclosed the following items:
Currency...................................................$59.00
Coins.........................................................0.70
Expenditure receipts (vouchers):
Supplies..................................................$26.10
Telephone, Internet, and fax...........................16.40
Postage....................................................39.70
Freight-out.................................................6.80
Instructions
Journalize the entries in October that pertain to the petty cash fund.
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Accounting Tools for Business Decision Making

ISBN: 978-1118096895

6th edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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