A companymaintains a $400 petty cash fund. On January 31, 2023 there was $225.25 remaining cash in the petty cash box and receipts for the following: • Delivery Expense related to the sale of merchandise Maintenance Expense (window cleaning and rug service) . . . Insurance expense Parking Expense $35.00 $85.25 $43.00 $2.50 REQUIRED: Prepare the journal entry on January 31, 2023 to record the reimbursement of the petty cash fund. Explanations are not required. For full or partial marks all calculations must be shown.

A companymaintains a $400 petty cash fund. On January 31, 2023 there was $225.25 remaining cash in the petty cash box and receipts for the following: • Delivery Expense related to the sale of merchandise Maintenance Expense (window cleaning and rug service) . . . Insurance expense Parking Expense $35.00 $85.25 $43.00 $2.50 REQUIRED: Prepare the journal entry on January 31, 2023 to record the reimbursement of the petty cash fund. Explanations are not required. For full or partial marks all calculations must be shown.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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