Please answer with given worksheets to better help me there are 3 questions but only two worksheets given Also what account are credited and what account are debited 5WP-248 CHAPTER 7e 2020 Cengage May not be scanned, copied or duplicated, or posted to a publicty accessible webprouCHAPTER 7 WP-2471. and 3.GENERAL JOURNALDESCRIPTIONDATEPAGEPOST.REF.DEBITCREDIT11Problem 7-10A (Concluded)2. and 3.PETTY CASH PAYMENTS FOR MONTH OFPAGE-0-CHARIT.POSTAGE CONTRIB.AMOUNT SUPPLIES EXPENSE EXPENSEDISTRIBUTION OF PAYMENTSTRAVEL &ENTER.EXPENSE EXPENSETOTALOFFICEPHONEEXPENSEMISC.DAYDESCRIPTIONNO.ACCOUNTAMOUNT1.12141515 P 7-10A (LO3)/ Replenishment: Cr. Cash, $149PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund wasestablished for $150. The following vouchers were issued during May:DateVoucher No.PurposeAmount$ 3.50Postage dueOffice suppliesAuto repair (miscellaneous)Drawing (Joy Adams)Donation (Red Cross)Travel expensesMay 113211.0000043.007425.001110.00156.28.00227Postage stampsPhone call3.50268.5.003096.Donation (Boy Scouts)20.00REQUIRED1. Prepare the journal entry to establish the petty cash fund.2. Record the vouchers in the petty cash record. Total and rule the petty cashrecord.3. Prepare the journal entry to replenish the petty cash fund. Make theappropriate entry in the petty cash record.

Petty cash represents the outlays of minor nature.

PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: Date Voucher No. Purpose Amount $ 3.50 Postage due Office supplies Auto repair (miscellaneous) Drawing (Joy Adams) Donation (Red Cross) Travel expenses May 1 3 11.00 5 43.00 25.00 11 10.00 15 28.00 22 Postage stamps Phone call 3.50 26 8. 5.00 30 9. Donation (Boy Scouts) 20.00 REQUIRED 1. Prepare the journal entry to establish the petty cash fund. 2. Record the vouchers in the petty cash record. Total and rule the petty cash record. 3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record 2 3 4 n670

PETTY CASH RECORD AND JOURNAL ENTRIES On May 1, a petty cash fund was established for $150. The following vouchers were issued during May: Date Voucher No. Purpose Amount $ 3.50 Postage due Office supplies Auto repair (miscellaneous) Drawing (Joy Adams) Donation (Red Cross) Travel expenses May 1 3 11.00 5 43.00 25.00 11 10.00 15 28.00 22 Postage stamps Phone call 3.50 26 8. 5.00 30 9. Donation (Boy Scouts) 20.00 REQUIRED 1. Prepare the journal entry to establish the petty cash fund. 2. Record the vouchers in the petty cash record. Total and rule the petty cash record. 3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record 2 3 4 n670

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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