Loucks Company established a $230 petty cash fund on October 2, 2021. The fund is replenished...

 

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Loucks Company established a $230 petty cash fund on October 2, 2021. The fund is replenished at the end of each month. At the end of October 2021, the fund contained $49 in cash and the following receipts: office supplies Advertising Postage Miscellaneous Required: $82 54 23 22 Prepare the necessary general journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > 1 2 Record the transaction to establish the petty cash fund. Note: Enter debits before credits. Date October 02, 2021 General Journal Debit Credit Record entry Clear entry View general journal > Loucks Company established a $230 petty cash fund on October 2, 2021. The fund is replenished at the end of each month. At the end of October 2021, the fund contained $49 in cash and the following receipts: office supplies Advertising Postage Miscellaneous Required: $82 54 23 22 Prepare the necessary general journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet > 1 2 Record the transaction to establish the petty cash fund. Note: Enter debits before credits. Date October 02, 2021 General Journal Debit Credit Record entry Clear entry View general journal >

Answer rating: 100% (QA)

Date October 2 2021 General Journal Account Debit Credit Petty Cash Fund 230 Cash 230 Expla... View the full answer