On May 1, a petty cash fund was established for $150.00. The following vouchers were issued during
Question:
On May 1, a petty cash fund was established for $150.00. The following vouchers were issued during May:
REQUIRED
1. Prepare the journal entry to establish the petty cash fund.
2. Record the vouchers in the petty cash record. Total and rule the petty cash record.
3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record.
Transcribed Image Text:
Voucher No. Date Purposc Amount $ 3.50 postage due office supplies auto repair (miscellancous) drawing (Joy Adams) donation (Red Cross) travel expenses May 1 3 11.00 43.00 25.00 11 10.00 15 28.00 22 3.50 postage stamps telephone call donation (Boy Scouts) 26 5.00 20.00 30 1234 S670
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