Question: IU abe X2 X? Styles Create and Edit Buy Office or sign in to activate Office if you've already bought it. Styles Pane QUESTION 2
IU abe X2 X? Styles Create and Edit Buy Office or sign in to activate Office if you've already bought it. Styles Pane QUESTION 2 On March 1, 2020, Kapahulu Station established a $350 petty cash fund. At the end of March, the petty cash fund contained: - Cash on hand $65.25 - Petty cash tickets for postage $95.50 office supplies 94.50 miscellaneous items 99.25 a) Prepare the journal entry to establish the petty cash fund on March 1, 2020. b) Prepare the journal entry on March 31, 2020, to replenish the petty cash fund. C) Assume on March 31, 2020, after replenishing the petty cash fund, Kapahulu Station desires to increase the petty cash fund to $400. Prepare the necessary journal entry. General Journal Date 2020 Accounts Debit Credit
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
