Mar. 5 6 Wrote a $250 check to establish a petty cash fund. Paid $12.50 shipping...

 

 

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Mar. 5 6 Wrote a $250 check to establish a petty cash fund. Paid $12.50 shipping charges (freight in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. Paid $10.75 in delivery expense on 11 merchandise sold to a customer, terms FOB destination. 12 Purchased office file folders for $14.13 that are immediately used. Account ty Cash Cash 14 18 27 Coursed Bob Hope, the manager, $11.65 for office supplies purchased and used. Purchased office printer paper for $20.54 that is immediately used. Paid $45.10 shipping charges (freight in) on merchandise purchased for resales, terms FOB shipping point. The costs are added to merchandise inventory. 28 Paid postage expense of $18. 30 31 31 Reimbursed Hope $56.80 for mileage expense. Cash of $61.53 remained in the fund. Sorted the petty cash receipts by account affected and exchanged for a check to reimburse the fund for expenditures. The petty cash fund amount is decreased by $50 to a total of $250. Debit 250 Credit 250 Mar. 5 6 Wrote a $250 check to establish a petty cash fund. Paid $12.50 shipping charges (freight in) on merchandise purchased for resale, terms FOB shipping point. These costs are added to merchandise inventory. Paid $10.75 in delivery expense on 11 merchandise sold to a customer, terms FOB destination. 12 Purchased office file folders for $14.13 that are immediately used. Account ty Cash Cash 14 18 27 Coursed Bob Hope, the manager, $11.65 for office supplies purchased and used. Purchased office printer paper for $20.54 that is immediately used. Paid $45.10 shipping charges (freight in) on merchandise purchased for resales, terms FOB shipping point. The costs are added to merchandise inventory. 28 Paid postage expense of $18. 30 31 31 Reimbursed Hope $56.80 for mileage expense. Cash of $61.53 remained in the fund. Sorted the petty cash receipts by account affected and exchanged for a check to reimburse the fund for expenditures. The petty cash fund amount is decreased by $50 to a total of $250. Debit 250 Credit 250