DATE June 1 June 5 June 8 June 15 June 22 June 25 June 29 June 30 Required: TRANSACTIONS Issued Check 550 for $250 to establish a petty cash fund. Paid $32 from the petty cash fund for office supplies, Petty Cash Voucher 1. Paid $33 from the petty cash fund for postage stamps, Petty Cash Voucher 2. Paid $20 from the petty cash fund for delivery service, Petty Cash Voucher 3. Paid $42 from the petty cash fund to the owner, Fiona Chu, for her personal use, Petty Cash Voucher 4. Paid $32 from the petty cash fund to have the store windows washed, Petty Cash Voucher 5. Paid $49 from the petty cash fund for delivery service, Petty Cash Voucher 6. Issued Check 590 for $208 to replenish the petty cash fund. 1. Record the transaction to establish the petty cash fund on June 1 in a general journal. 2. Record all transactions on a petty cash analysis sheet. 3. Record the transaction to replenish the petty cash fund on June 30 in the general journal. Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. June 01 Entry Petty Cash Analysis June 30 Entry Analyze Record the transaction to establish the petty cash fund on June 1 in a general journal.

DATE June 1 June 5 June 8 June 15 June 22 June 25 June 29 June 30 Required: TRANSACTIONS Issued Check 550 for $250 to establish a petty cash fund. Paid $32 from the petty cash fund for office supplies, Petty Cash Voucher 1. Paid $33 from the petty cash fund for postage stamps, Petty Cash Voucher 2. Paid $20 from the petty cash fund for delivery service, Petty Cash Voucher 3. Paid $42 from the petty cash fund to the owner, Fiona Chu, for her personal use, Petty Cash Voucher 4. Paid $32 from the petty cash fund to have the store windows washed, Petty Cash Voucher 5. Paid $49 from the petty cash fund for delivery service, Petty Cash Voucher 6. Issued Check 590 for $208 to replenish the petty cash fund. 1. Record the transaction to establish the petty cash fund on June 1 in a general journal. 2. Record all transactions on a petty cash analysis sheet. 3. Record the transaction to replenish the petty cash fund on June 30 in the general journal. Analyze: What were the total payments from the petty cash fund in June? Complete this question by entering your answers in the tabs below. June 01 Entry Petty Cash Analysis June 30 Entry Analyze Record the transaction to establish the petty cash fund on June 1 in a general 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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None
A $142 petty cash fund has cash of $22 and receipts of $126. The journal entry to replenish the account would include a a. credit to Cash Short and Over for $6 b. debit to Cash for $22 c. credit to Petty Cash for $126 d. credit to Cash for $142
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