1) Zoolander Inc. established a $400 petty cash fund on March 1.

2) On March 31, the petty cash box contained the following:

Postage receipts..................$ 49.60

Freight receipts (Mdse.Inv)..... 98.50

Supply receipts..................... 164.40

Remaining cash.................... 91.50

The petty cash was replenished on March 31.

3) On April 1 the size of the petty cash fund was reduced by $50.

Record the journal entries for March 1, March 31, and April 1; assuming Zoolander makes use of a voucher system. (5 journal entries are required.)

Answer rating: 100% (QA)

Date 1Mar 31Mar 1Apr General Journal Zoolandar Accoutn Tittle Explanatio... View the full answer