Data tableTicket No.TtemAccount DebitedAmountTicket No. 1Delivery of programs to customers Delivery Expense%2425Ticket No. 2Mail packagePostage Expense20Ticket No. 3NewsletterPrintiig Expense30Ticket No. 4Key to closetMiscellaneous Expense35Ticket No. 5Сopier paperOffice Supplies70PrintDoneCouDELL Dance Studio created a $200 imprest petty cash fund. Duringthe month, the fund custodian authorized and signed petty cashtickets as follows:Requirement 1. Make the general journal entry to create the pettycash fund. Include an explanation. (Record debits first, then,credits. Select the explanation on the last line of the journalentry table.)DateAccounts and ExplanationDebitCreditRequirement 2. Make the general journal entry to record the pettycash fund replenishment. Cash in the fund totals $8. Include anexplanation. (Record debits first, then, credits. Select theexplanation on the last line of the journal entry table. Prepare asingle compound journal entry.)DateAccounts and ExplanationDebitCreditRequirement 3. Assume that Louise's Dance Studio decides todecrease the petty cash fund to $100. Make the general journalentry to record this decrease. (Record debits first, then, credits.Select the explanation on the last line of the journal entry table.)DateAccounts and ExplanationDebitCredit

The petty cash fund is established to maintain the cash balance for smaller cash transactions of the…

Dance Studio created a $200 imprest petty cash fund. During he month, the fund custodian authorized and signed petty cash ickets as follows: Requirement 1. Make the general journal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal

Dance Studio created a $200 imprest petty cash fund. During he month, the fund custodian authorized and signed petty cash ickets as follows: Requirement 1. Make the general journal entry to create the petty cash fund. Include an explanation. (Record debits first, then, credits. Select the explanation on the last line of the journal

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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