Blitzen Co. established a petty cash fund of $250 on March 1st. On March 31, the...

Transcribed Image Text:

Blitzen Co. established a petty cash fund of $250 on March 1st. On March 31, the fund contained cash of $165.48 and vouchers for the following cash payments: Meais Expense $ 24.32 $ 28.14 $ 32.06 Postage Expense Maintenance Expense The three distinct events affecting the petty cash fund for the period were: (1) establishment of the fund (2) reimbursements made to employees (3) recognition of expenses and replenishment of the fund Required: Record the events in general journal format. (Leave no cells blank. If no entry is required, select "No journal entry required" in the account field and zero (0) in the amount field. Event General Journal Debit Credit 2. 3. Blitzen Co. established a petty cash fund of $250 on March 1st. On March 31, the fund contained cash of $165.48 and vouchers for the following cash payments: Meais Expense $ 24.32 $ 28.14 $ 32.06 Postage Expense Maintenance Expense The three distinct events affecting the petty cash fund for the period were: (1) establishment of the fund (2) reimbursements made to employees (3) recognition of expenses and replenishment of the fund Required: Record the events in general journal format. (Leave no cells blank. If no entry is required, select "No journal entry required" in the account field and zero (0) in the amount field. Event General Journal Debit Credit 2. 3.

Answer rating: 100% (QA)

Event General Journal Debit Credit 1 ... View the full answer