Based on the following petty cash information, prepare (a) The journal entry to establish a petty cash
Question:
Based on the following petty cash information, prepare
(a) The journal entry to establish a petty cash fund, and
(b) The journal entry to replenish the petty cash fund. On January 1, 20--, a check was written in the amount of $200.00 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cashdrawer:
Transcribed Image Text:
Account Debited Telephone Expense Automobile Expense Joscph Levine, Drawing Voucher No. Amount $17.50 33.00 70.00 12.50 15.00 49.00 2 Postage Expense Charitable Contributions Expense Miscellancous Expense 23456
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DATE 20 Jan 1 Petty Cash Cash GENERAL JOURNAL DESCRIPTION Establi...View the full answer
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