Question

Mountain Air Company established a $ 200 petty cash fund on January 1. From January 2 through 15, payments were made from the fund, as listed below. On January 17, the fund was replenished with a check for $ 158.
a. January 3— Paid cash for deliveries to customers—$ 43.
b. January 8— Paid cash to restaurant for catering office lunch—$ 83.
c. January 15— Paid cash for supplies—$ 32.
Required:
1. Prepare the journal entry, if any, Required. on January 1.
2. Prepare the journal entries, if any, Required. on January 2 through 15.
3. Prepare the journal entries, if any, Required. on January 17.


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  • CreatedNovember 02, 2015
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