D. On September 29, the company determined that the petty cash fund needed to be increased lU E. On September 30, the petty cash fund needed replenishment as it was month end. The following are the receipts: Auto Expense $18, Supplies $15, Postage Expense $57, Repairs and Maintenance Expense $49, Miscellaneous Expense $29. The cash on hand at this time was $837.
D. On September 29, the company determined that the petty cash fund needed to be increased lU E. On September 30, the petty cash fund needed replenishment as it was month end. The following are the receipts: Auto Expense $18, Supplies $15, Postage Expense $57, Repairs and Maintenance Expense $49, Miscellaneous Expense $29. The cash on hand at this time was $837.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need help with D and E please
Transcribed Image Text:Problem Šet A
PAI. LO 8.5 On September 1, French company has decided to initiate a petty cash fund in the amount of $800.
Prepare journal entries for the following transactions:
A. On September 5, the petty cash fund needed replenishment, and the following are the receipts: Auto
Expense $37, Supplies $124, Postage Expense $270, Repairs and Maintenance Expense $168,
Miscellaneous Expense $149. The cash on hand at this time was $48.
B. On September 14, the petty cash fund needed replenishment and the following are the receipts: Auto
Expense $18, Supplies $175, Postage Expense $50, Repairs and Maintenance Expense $269,
Miscellaneous Expense $59. The cash on hand at this time was $210.
C. On September 23, the petty cash fund needed replenishment and the following are the receipts: Auto
Expense $251, Supplies $88, Postage Expense $63, Repairs and Maintenance Expense $182,
Miscellaneous Expense $203. The cash on hand at this time was $20.
D. On September 29, the company determined that the petty cash fund needed to be increased to $1,000.
E. On September 30, the petty cash fund needed replenishment as it was month end. The following are the
receipts: Auto Expense $18, Supplies $15, Postage Expense $57, Repairs and Maintenance Expense
$49, Miscellaneous Expense $29. The cash on hand at this time was $837.
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