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Bonita Company established a $110 petty cash fund on August 1. On August 31, the fund had $14 cash remaining and petty cash receipts for postage $41, office supplies $22, and miscellaneous expense $31. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Dehi

Bonita Company established a $110 petty cash fund on August 1. On August 31, the fund had $14 cash remaining and petty cash receipts for postage $41, office supplies $22, and miscellaneous expense $31. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Dehi

FINANCIAL ACCOUNTING
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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Do Iti Review 8-02b (b) Bonita Company established a $110 petty cash fund on August 1. On August 31, the fund had $14 cash remaining and petty cash recelots for postage $41, office supplies $22. and miscellaneous expense $31. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work
Transcribed Image Text:Do Iti Review 8-02b (b) Bonita Company established a $110 petty cash fund on August 1. On August 31, the fund had $14 cash remaining and petty cash recelots for postage $41, office supplies $22. and miscellaneous expense $31. Prepare journal entries to establish the fund on August 1 and replenish the fund on August 31. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work
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