Exercise 4-13 (Algo) Record transactions for employee purchases (LO4-6) Smith Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $403. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Utilities (credit card) Entertainment (petty cash) Postage (petty cash) Repairs and maintenance (credit card) Required: 1. Record the establishment of the petty cash fund on April 3. 2. Record credit card expenditures during the month. The credit card balance is paid in full on April 30. 3. Record petty cash expenditures during the month. Of no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) $132 41 56 227
Exercise 4-13 (Algo) Record transactions for employee purchases (LO4-6) Smith Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $403. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Utilities (credit card) Entertainment (petty cash) Postage (petty cash) Repairs and maintenance (credit card) Required: 1. Record the establishment of the petty cash fund on April 3. 2. Record credit card expenditures during the month. The credit card balance is paid in full on April 30. 3. Record petty cash expenditures during the month. Of no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.) $132 41 56 227
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Aa.28.

Transcribed Image Text:3. Record petty cash expenditures during the month.
(If no entry is required for a transaction/event, select "No Journal Entry Required" in the first ac
View transaction list
Journal entry worksheet
< 1 2
Record petty cash expenditures during the month.
Note: Enter debits before credits.
Date
3
April 30
Record entry
General Journal
Clear entry
Debit
Credit
View general journal

Transcribed Image Text:Exercise 4-13 (Algo) Record transactions for employee purchases (LO4-6)
Smith Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $403.
The company has also issued a credit card and authorized its office manager to make purchases, Expenditures for the month include
the following items:
Utilities (credit card)
Entertainment (petty cash)
Postage (petty cash)
Repairs and maintenance (credit card)
Required:
1. Record the establishment of the petty cash fund on April 3
2. Record credit card expenditures during the month. The credit card balance is paid in full on April 30.
3. Record petty cash expenditures during the month.
(If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.)
View transaction list
Journal entry worksheet
<
1
2
Record the establishment of the petty cash fund on April 3.
Note: Enter debits before credits
3
3. Record petty cash expenditures during the month.
(If no entry is required for a transaction/event, select "No Journal Entry Required" In the firs
View transaction list
1
d Text
Journal entry worksheet
Date
April 30
2
Record credit card expenditures during the month. The credit card balance is
paid in full on April 30.
Note: Enter debits before credits.
$132
41
56
227
3
Record entry
General Journal
Clear entry
Debit
Credit
View general journal
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