Problem 14During July, several events occurred at the Floamingo 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 receipt:Postage30Office Supplies25Shipping Charges to UPSc. On July 16, the fund was increase to $200.d. On July 31, the fund was replenished, since it had a balcne of $12 with the following receipt:Spare Parts35Stamps28Shop Supplies27Inventory10040

During July, several events occurred at the Floamingo 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 receipt: Postage 30 Office Supplies 25 40 Shipping Charges to UPS c. On July 16, the fund was increase to $200. d. On July 31, the fund was replenished, since it had a balcne of $12 with the following receipt: Spare Parts 35 Stamps 28 Shop Supplies 27 Inventory 100

During July, several events occurred at the Floamingo 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 receipt: Postage 30 Office Supplies 25 40 Shipping Charges to UPS c. On July 16, the fund was increase to $200. d. On July 31, the fund was replenished, since it had a balcne of $12 with the following receipt: Spare Parts 35 Stamps 28 Shop Supplies 27 Inventory 100

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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On September 29, the company determined that the petty cash fund needed to be increased to $1,000. What is the correct journal entry?
answer in text form please (without image), Note: .Every entry should have narration please
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