Ivanhoe Boxes uses a petty cash imprest system. The fund was established on February 14 with...

 

Transcribed Image Text:

Ivanhoe Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $97. On February 28, there were $6 cash and the following petty cash receipts in the petty cash box: Date Feb. 15 18 20 21 22 27 Receipt No. 1 2 3 4 5 6 For Supplies Postage expense Freight in (assume perpetual inventory system) Supplies Delivery expenses Supplies Amount $9 8 27 14 14 25 Record the journal entry on February 14 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Record the journal entry on February 28 to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Ivanhoe Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $97. On February 28, there were $6 cash and the following petty cash receipts in the petty cash box: Date Feb. 15 18 20 21 22 27 Receipt No. 1 2 3 4 5 6 For Supplies Postage expense Freight in (assume perpetual inventory system) Supplies Delivery expenses Supplies Amount $9 8 27 14 14 25 Record the journal entry on February 14 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Record the journal entry on February 28 to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Ivanhoe Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $97. On February 28, there were $6 cash and the following petty cash receipts in the petty cash box: Date Feb. 15 18 20 21 22 27 Receipt No. 1 2 3 4 5 6 For Supplies Postage expense Freight in (assume perpetual inventory system) Supplies Delivery expenses Supplies Amount $9 8 27 14 14 25 Record the journal entry on February 14 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Record the journal entry on February 28 to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Ivanhoe Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $97. On February 28, there were $6 cash and the following petty cash receipts in the petty cash box: Date Feb. 15 18 20 21 22 27 Receipt No. 1 2 3 4 5 6 For Supplies Postage expense Freight in (assume perpetual inventory system) Supplies Delivery expenses Supplies Amount $9 8 27 14 14 25 Record the journal entry on February 14 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Record the journal entry on February 28 to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.)

Answer rating: 100% (QA)

February 14 Establishing the Petty Cash Fund Date Account Debit Credit ... View the full answer