Question: Please answer the question and its different days in the same manner Prepare the journal entries for the following petty cash transactions of Newton Gaming
Please answer the question and its different days in the same manner
Prepare the journal entries for the following petty cash transactions of Newton Gaming Supplies: Apr. 1 Established a petty cash fund with a $150 balance. Apr. 30 The petty cash fund has $14 in cash and $142 in petty cash tickets that were issued to pay for Office Supplies (\$42) and Entertainment Expense ($100). Replenished the fund and recorded the expenses. May 15 Increased the balance of the petty cash fund to $200. Prepare journal entries. (Record debits first, then, credits. Select the explanation on the last line of the journal entry table. Check your spelling carefully and do not abbreviate.) Journalize the establishment of the petty cash fund
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