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On January 2, 20X1, Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; Delivery Expense, $96; and Miscellaneous Expense, $31. Required: Indicate how these transactions would be recorded in a general journal. < 1 2 Record the entry for Check 3100 for $300 to establish a petty cash fund. >

On January 2, 20X1, Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; Delivery Expense, $96; and Miscellaneous Expense, $31. Required: Indicate how these transactions would be recorded in a general journal. < 1 2 Record the entry for Check 3100 for $300 to establish a petty cash fund. >

FINANCIAL ACCOUNTING
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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Hh.59.

 

On January 2, 20X1, Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; Delivery Expense, $96; and Miscellaneous Expense, $31. Required: Indicate how these transactions would be recorded in a general journal. 1 < Record the entry for Check 3100 for $300 to establish a petty cash fund. Note: Enter debits before credits. Date Jan. 2, 20X1 2 1 2 Date Jan. 31, 20X1 Note: Enter debits before credits. General Journal Record an entry for check 3159 issued to replenish its petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; Delivery Expense, $96; and Miscellaneous Expense, $31. Debit General Journal Debit Credit Credit >
Transcribed Image Text:On January 2, 20X1, Jasmine's Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 3159 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; Delivery Expense, $96; and Miscellaneous Expense, $31. Required: Indicate how these transactions would be recorded in a general journal. 1 < Record the entry for Check 3100 for $300 to establish a petty cash fund. Note: Enter debits before credits. Date Jan. 2, 20X1 2 1 2 Date Jan. 31, 20X1 Note: Enter debits before credits. General Journal Record an entry for check 3159 issued to replenish its petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $55; Delivery Expense, $96; and Miscellaneous Expense, $31. Debit General Journal Debit Credit Credit >
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