On October 1, 2025, Skysong Nail Bar Company establishes a petty cash fund by issuing a check for $300 to Maria Miller, the custodian of the petty cash fund. On October 31, 2025, Maria Miller submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there was $30 cash in the fund: Freight-In Supplies Expense Entertainment of Clients Postage Expense $90 55 64 55 Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order
On October 1, 2025, Skysong Nail Bar Company establishes a petty cash fund by issuing a check for $300 to Maria Miller, the custodian of the petty cash fund. On October 31, 2025, Maria Miller submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there was $30 cash in the fund: Freight-In Supplies Expense Entertainment of Clients Postage Expense $90 55 64 55 Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31. Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Oo.87.
Subject :- Account
Transcribed Image Text:On October 1, 2025, Skysong Nail Bar Company establishes a petty cash fund by issuing a check for $300 to Maria Miller, the
custodian of the petty cash fund. On October 31, 2025, Maria Miller submitted the following paid petty cash vouchers for
replenishment of the petty cash fund when there was $30 cash in the fund:
Freight-In
Supplies Expense
Entertainment of Clients.
Postage Expense.
$90
55
64
55
Prepare the journal entries required to establish the petty cash fund on October 1 and the replenishment of the fund on October 31.
(Credit account titles are automatically indented when the amount is entered. Do not indent manually. Record journal entries in the order
presented in the problem.List all debit entries before credit entries. If no entry is required, select "No Entry" for the account titles and enter o for
the amounts.)
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