Johnston Construction created a petty cash fund on July 1, 2017 with an imprest balance of...

 

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Johnston Construction created a petty cash fund on July 1, 2017 with an imprest balance of $400. During July, Sandy Bellamy, the fund custodian, signed the following petty cash tickets: Ticket # Item Amount $29.42 Office supplies 2 Postage 3 Courier charges 4 Entertainment lunches 5 123.24 Office supplies On July 31, prior to the replenishment, the fund contained these tickets plus $8.01. Required: Prepare journal entries to create the fund, replenish the fund, and increase the fund to $450. 19.00 72.00 147.33 Not y Marke P Fla Johnston Construction created a petty cash fund on July 1, 2017 with an imprest balance of $400. During July, Sandy Bellamy, the fund custodian, signed the following petty cash tickets: Ticket # Item Amount $29.42 Office supplies 2 Postage 3 Courier charges 4 Entertainment lunches 5 123.24 Office supplies On July 31, prior to the replenishment, the fund contained these tickets plus $8.01. Required: Prepare journal entries to create the fund, replenish the fund, and increase the fund to $450. 19.00 72.00 147.33 Not y Marke P Fla

Answer rating: 100% (QA)

Date 2017 July 1 July 31 Particulars Petry Cash Fund Cash CTO gecond est... View the full answer