GENERAL JOURNALDATEACCOUNT TITLEPOST. REF.DEBITCREDIT1234589 On October 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During October, the following vouchers were written forcash taken from the petty cash drawer:Voucher No.Account DebitedAmount1Postage Expense$13Miscellaneous Expense173John Flanagan, Drawing344Phone Expense34Charitable Contributions Expense45Automobile Expense24Required:Prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry to replenish the petty cash fund.

Part a ) Journal Entry to establish a petty cash fund Date Account Debit Credit Jan-01 Petty…

On October 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During October, the following vouchers were written for cash taken from the petty cash drawer: Voucher No. Account Debited Amount 1 Postage Expense $13 2 Miscellaneous Expense 17 3 John Flanagan, Drawing 34 4 Phone Expense 34 Charitable Contributions Expense 45 6. Automobile Expense 24 Required: Prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry to replenish the petty cash fund.

On October 1, 20--, a check was written in the amount of $300 to establish a petty cash fund. During October, the following vouchers were written for cash taken from the petty cash drawer: Voucher No. Account Debited Amount 1 Postage Expense $13 2 Miscellaneous Expense 17 3 John Flanagan, Drawing 34 4 Phone Expense 34 Charitable Contributions Expense 45 6. Automobile Expense 24 Required: Prepare (a) the journal entry to establish a petty cash fund and (b) the journal entry to replenish the petty cash fund.

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 10SPB

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