Crane Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $101. On February 28, there were $5 cash and the following petty cash receipts in the petty cash box: Date Receipt No. For Feb. 15 1 Supplies 18 2 Postage expense 20 3 Freight in (assume perpetual inventory system) 21 4 Supplies 22 5 Delivery expenses 27 6 Supplies Amount $10 8 34 15 14 ྃ ཤ * R 20 Record the journal entry on February 14 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles Debit Credit Feb. 14 Question Part Score --/2 Record the journal entry on February 28 to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles Feb. 28 Debit Credit
Crane Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $101. On February 28, there were $5 cash and the following petty cash receipts in the petty cash box: Date Receipt No. For Feb. 15 1 Supplies 18 2 Postage expense 20 3 Freight in (assume perpetual inventory system) 21 4 Supplies 22 5 Delivery expenses 27 6 Supplies Amount $10 8 34 15 14 ྃ ཤ * R 20 Record the journal entry on February 14 to establish the petty cash fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List debit entry before credit entry.) Date Account Titles Debit Credit Feb. 14 Question Part Score --/2 Record the journal entry on February 28 to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Date Account Titles Feb. 28 Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:Crane Boxes uses a petty cash imprest system. The fund was established on February 14 with a balance of $101. On February 28,
there were $5 cash and the following petty cash receipts in the petty cash box:
Date
Receipt No.
For
Feb. 15
1
Supplies
18
2
Postage expense
20
3
Freight in (assume perpetual inventory system)
21
4
Supplies
22
5
Delivery expenses
27
6
Supplies
Amount
$10
8
34
15
14
ྃ ཤ * R
20
Record the journal entry on February 14 to establish the petty cash fund. (Credit account titles are automatically indented when the
amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List
debit entry before credit entry.)
Date Account Titles
Debit
Credit
Feb. 14
Question Part Score
--/2
Record the journal entry on February 28 to replenish the fund. (Credit account titles are automatically indented when the amount is
entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit
entries before credit entries.)
Date Account Titles
Feb. 28
Debit
Credit
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