During July, several events occurred at the Flamingo Resort. a. On July 1, a Petty Cash Fund was established in the amount of $100. b. On July 15, the fund was replenished, since it had a balance of $4 with the following receipts: Postage Office Supplies Shipping Charges to UPS $30 $25 $40 c. On July 16, the fund was increased to $200. d. On July 31, the fund was replenished, since it had a balance of $12 with the following receipts: Spare Parts Stamps Shop Supplies Inventory $35 $28 0000 $27 $100
During July, several events occurred at the Flamingo Resort. a. On July 1, a Petty Cash Fund was established in the amount of $100. b. On July 15, the fund was replenished, since it had a balance of $4 with the following receipts: Postage Office Supplies Shipping Charges to UPS $30 $25 $40 c. On July 16, the fund was increased to $200. d. On July 31, the fund was replenished, since it had a balance of $12 with the following receipts: Spare Parts Stamps Shop Supplies Inventory $35 $28 0000 $27 $100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Problem 14
During July, several events occurred at the Flamingo Resort.
a. On July 1, a Petty Cash Fund was established in the amount of $100.
b. On July 15, the fund was replenished, since it had a balance of $4 with the following
receipts:
Postage
$30
$25
$40
Office Supplies
190
Shipping Charges to UPS
c. On July 16, the fund was increased to $200.
d. On July 31, the fund was replenished, since it had a balance of $12 with the following
receipts:
Spare Parts
Stamps
Shop Supplies
Inventory
$35
$28
$27
00.00
$100
alo
Required:
Journalize all of the necessary transactions for July in chronological order.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa41c81cb-2bd5-46ae-8f2f-822e1d753485%2F47fe91bd-1e32-4e93-9f19-9065eb1c644e%2Fa0d84x_processed.png&w=3840&q=75)
Transcribed Image Text:Problem 14
During July, several events occurred at the Flamingo Resort.
a. On July 1, a Petty Cash Fund was established in the amount of $100.
b. On July 15, the fund was replenished, since it had a balance of $4 with the following
receipts:
Postage
$30
$25
$40
Office Supplies
190
Shipping Charges to UPS
c. On July 16, the fund was increased to $200.
d. On July 31, the fund was replenished, since it had a balance of $12 with the following
receipts:
Spare Parts
Stamps
Shop Supplies
Inventory
$35
$28
$27
00.00
$100
alo
Required:
Journalize all of the necessary transactions for July in chronological order.
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