On September 1,2022, Sunland Company establishes a petty cash fund by issuing a check for $410...

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On September 1,2022, Sunland Company establishes a petty cash fund by issuing a check for $410 to Edward Lewis, the custodian of the petty cash fund. On September 30, 2022, Edward Lewis submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is $80 cash in the fund: Freight-in Supplies Expense Entertainment of Clients $90 90 63 Postage Expense 90 Prepare the journal entries required to establish the petty cash fund on September 1 and the replenishment of the fund on September 30. (Credit account titles are automatically Indented when the amount is entered. Do not indent manualy. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit On September 1,2022, Sunland Company establishes a petty cash fund by issuing a check for $410 to Edward Lewis, the custodian of the petty cash fund. On September 30, 2022, Edward Lewis submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is $80 cash in the fund: Freight-in Supplies Expense Entertainment of Clients $90 90 63 Postage Expense 90 Prepare the journal entries required to establish the petty cash fund on September 1 and the replenishment of the fund on September 30. (Credit account titles are automatically Indented when the amount is entered. Do not indent manualy. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

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Journal entries Date Account titles and explana... View the full answer