On November 24, of the current year, Portable Pet Store reviewed the petty cash fund and decided
Question:
On November 24, of the current year, Portable Pet Store reviewed the petty cash fund and decided to replenish the fund and decrease it to $150 from the current balance of $200. The following receipts were presented to the accountant: -Postage stamps $22.00 -Cost of delivering merchandise to a customer $58.00 The fund contained $122 in cash, and Portable Pet Store maintains a perpetual inventory system.
REQUIRED:
1. Insert a table that is 4 columns wide, and 8 rows high (3rd row of tool bar, 6th item from left). You may add rows should you require them. (3rd row of tool bar, 11th or 12th icon from left). Use the following headings:
Date Account Titles and Explanation Dr Cr (Optional. Adjust the column width by dragging the vertical line between columns in the header row left or right.)
2. Using the table prepared in Part 1 above, in good form prepare the journal entry on November 24 of the current year.
