On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,400. A. On June 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $370, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $234. B. On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $90, Postage Expense $270, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $255. C. On June 23, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $261, Supplies $188, Postage Expense $263, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $283. D. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000. E. On June 30, the petty cash fund needed replenishment as it was month-end. The following are the receipts: Auto Expense $114, Supplies $80, Postage Expense $50, Repairs and Maintenance Expense $121, Miscellaneous Expense $39. The cash on hand at this time was $598. Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank. June 5
On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,400. A. On June 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $370, Postage Expense $325, Repairs and Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $234. B. On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $90, Postage Expense $270, Repairs and Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $255. C. On June 23, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $261, Supplies $188, Postage Expense $263, Repairs and Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $283. D. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000. E. On June 30, the petty cash fund needed replenishment as it was month-end. The following are the receipts: Auto Expense $114, Supplies $80, Postage Expense $50, Repairs and Maintenance Expense $121, Miscellaneous Expense $39. The cash on hand at this time was $598. Prepare journal entries for the above transactions. If an amount box does not require an entry, leave it blank. June 5
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:On June 2 Kellie Company has decided to initiate a petty cash fund in the amount of $1,400.
A. On June 5, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $125, Supplies $370, Postage Expense $325, Repairs and
Maintenance Expense $99, Miscellaneous Expense $259. The cash on hand at this time was $234.
B. On June 14, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $425, Supplies $90, Postage Expense $270, Repairs and
Maintenance Expense $299, Miscellaneous Expense $77. The cash on hand at this time was $255.
C. On June 23, the petty cash fund needed replenishment, and the following are the receipts: Auto Expense $261, Supplies $188, Postage Expense $263, Repairs and
Maintenance Expense $182, Miscellaneous Expense $203. The cash on hand at this time was $283.
D. On June 29, the company determined that the petty cash fund needed to be decreased to $1,000.
E. On June 30, the petty cash fund needed replenishment as it was month-end. The following are the receipts: Auto Expense $114, Supplies $80, Postage Expense $50,
Repairs and Maintenance Expense $121, Miscellaneous Expense $39. The cash on hand at this time was $598.
Prepare journal entries for the above transactions. If an amnount box does not require an entry, leave it blank.
June 5
June 14
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