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Kris Allen Company established a petty cash fund on May

Kris Allen Company established a petty cash fund on May 1, cashing a cheque for $150. The

Question:

Kris Allen Company established a petty cash fund on May 1, cashing a cheque for $150. The company reimbursed the fund on June 1 and July 1 with the following results.

On July 10, Kris Allen increased the fund from $150 to $200.
Instructions
Prepare journal entries for Kris Allen Company for May 1, June 1, July 1, and July 10.

Transcribed Image Text:

June 1: Cash in fund, S4.75 Receipts: Delivery expense Postage expense Travel expense S31.25 39.00 62.00 July 1: Cash in fund, S3.25 Receipts Delivery expense Entertainment expense Supplies S31.00 71.00 44.75

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May 1 Petty Cash 15000 Cash 15000 June 1 Delivery Expense 3125 ...View the full answer

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Question Posted: May 16, 2017 10:27 AM

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