Question: estion Current Attempt in Progress 2.776 Pharoah Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance


estion Current Attempt in Progress 2.776 Pharoah Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $190. On September 30, there were $49 cash and the following petty cash receipts in the petty cash box: Date Receipt No. For Amount Sept. 5 1 Freight in (assume perpetual inventory system) $20 9 2 Delivery expenses 13 14 3 Freight in a 25 26 4 Supplies 9 20 5 29 9 Delivery expenses Freight in 20 41 Your Answer Correct Answer (Used) Your answer is correct. Record the journal entry on September 4 to establish the petty cash fund. (Credit account titles are automatically indented when t amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Lis debit entry before credit entry.) Date Account Titles Sept. 4 Petty Cash Cash eTextbook and Media Debit 190 Credit 1907 Record the journal entry on September 30 to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles Sept. 30 Merchandise Inventory Delivery Expense Supplies Cash Over and Short Cash List of Accounts Debit Credit Attemats:0 of Lused Submit AY
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
