On April 3, Snappy Sales decides to establish a $135 petty cash fund to relieve the burden on Accounting. a. Journalize the establishment of the fund. If an amount box does not require an entry, leave it blank. Petty Cash 135 Cash 135 On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of $25.25, meals and entertainment of $68.00, and $9.75 in cash. Journalize the replenishment of the fund. Round your answers to two decimal places. Mail and Postage expense 32.75 contributions and donations 25.25 meals and entertainment 68.00
On April 3, Snappy Sales decides to establish a $135 petty cash fund to relieve the burden on Accounting.
a. Journalize the establishment of the fund. If an amount box does not require an entry, leave it blank.
Petty Cash 135
Cash 135
On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of $25.25, meals and entertainment of $68.00, and $9.75 in cash. Journalize the replenishment of the fund. Round your answers to two decimal places.
Mail and Postage expense 32.75
contributions and donations 25.25
meals and entertainment 68.00
Cash short or over 0.75
Cash 125.25
On April 12, Snappy Sales decides to increase petty cash to $175. Journalize this transaction. If an amount box does not require an entry, leave it blank.
Petty cash 40
Cash 40
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