257 CHAPTER 7 Applying Your Knowledge E 7-6A (LO3) /Replenishment: Cr. Cash, $228.10 PETTY CASH JOURNAL ENTRIES Based on the following petty cash information, prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry to replenish the petty cash fund. On January 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cash drawer: Voucher No. Account Debited Amount Phone Expense $21.20 Automobile Expense James Lucas, Drawing Postage Expense Charitable Contributions Expense Miscellaneous Expense 39.60 85.00 4. 15.30 20.00 47.00
257 CHAPTER 7 Applying Your Knowledge E 7-6A (LO3) /Replenishment: Cr. Cash, $228.10 PETTY CASH JOURNAL ENTRIES Based on the following petty cash information, prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry to replenish the petty cash fund. On January 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During January, the following vouchers were written for cash removed from the petty cash drawer: Voucher No. Account Debited Amount Phone Expense $21.20 Automobile Expense James Lucas, Drawing Postage Expense Charitable Contributions Expense Miscellaneous Expense 39.60 85.00 4. 15.30 20.00 47.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
How to solve 7-6 A
Transcribed Image Text:TEARS
LATED
257
CHAPTER 7
Applying Your knowledge
neck
E 7-6A (LO3)
/ Replenishment: Cr. Cash, $228.10
PETTY CASH JOURNAL ENTRIES Based on the following petty cash information,
prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry
to replenish the petty cash fund.
On January 1, 20--, a check was written in the amount of $300 to establish
a petty cash fund. During January, the following vouchers were written for cash
removed from the petty cash drawer:
Voucher No.
Account Debited
Amount
Phone Expense
Automobile Expense
$21.20
39.60
3
85.00
James Lucas, Drawing
Postage Expense
Charitable Contributions Expense
Miscellaneous Expense
4
15.30
20.00
6.
47.00
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Similar questions
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education