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On July 1, a petty cash fund was established for $100. The following vouchers w Date Voucher No. Purpose Amount July 1 1 office supplies $ 3.00

On July 1, a petty cash fund was established for $100. The following vouchers w Date Voucher No. Purpose Amount July 1 1 office supplies $ 3.00

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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Prepare the journal entry to replenish the petty cash fund 

### Instructions On July 1, a petty cash fund was established for $100. The following vouchers were issued during July: | Date | Voucher No. | Purpose | Amount | |--------|-------------|-----------------------------------------|---------| | July 1 | 1 | Office supplies | $3.00 | | 3 | 2 | Donation (Goodwill) | $15.00 | | 5 | 3 | Travel expenses | $5.00 | | 7 | 4 | Postage due | $2.00 | | 8 | 5 | Office supplies | $4.00 | | 11 | 6 | Postage due | $3.50 | | 15 | 7 | Phone call | $5.00 | | 21 | 8 | Travel expenses | $11.00 | | 25 | 9 | Withdrawal by owner (L. Ortiz) | $20.00 | | 26 | 10 | Copier repair (miscellaneous) | $18.50 | This list provides detailed information about the expenses incurred and vouchers issued from the petty cash fund during the month of July.
Transcribed Image Text:### Instructions On July 1, a petty cash fund was established for $100. The following vouchers were issued during July: | Date | Voucher No. | Purpose | Amount | |--------|-------------|-----------------------------------------|---------| | July 1 | 1 | Office supplies | $3.00 | | 3 | 2 | Donation (Goodwill) | $15.00 | | 5 | 3 | Travel expenses | $5.00 | | 7 | 4 | Postage due | $2.00 | | 8 | 5 | Office supplies | $4.00 | | 11 | 6 | Postage due | $3.50 | | 15 | 7 | Phone call | $5.00 | | 21 | 8 | Travel expenses | $11.00 | | 25 | 9 | Withdrawal by owner (L. Ortiz) | $20.00 | | 26 | 10 | Copier repair (miscellaneous) | $18.50 | This list provides detailed information about the expenses incurred and vouchers issued from the petty cash fund during the month of July.
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