Prepare journal entries for Crane Company for May 1, June 1, July 1, and July 10.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Crane Company established a petty cash fund on May 1, cashing a check for $100.00. The company reimbursed the fund on June 1 and July 1 with the following results.
June 1: Cash in fund $4.50. | Receipts: delivery expense $26.25, postage expense $36.25, and miscellaneous expense $33.00. | |
July 1: Cash in fund $3.00. | Receipts: delivery expense $18.75, entertainment expense $46.25, and miscellaneous expense $32.00. |
On July 10, Crane increased the fund from $100.00 to $130.
Prepare
Date
|
Account Titles and Explanation
|
Debit
|
Credit
|
|
---|---|---|---|---|
choose a transaction date May 1June 1July 1July 10
|
enter an account title
|
enter a debit amount
|
enter a credit amount
|
|
enter an account title
|
enter a debit amount
|
enter a credit amount
|
||
|
enter an account title
|
enter a debit amount
|
enter a credit amount
|
|
enter an account title
|
enter a debit amount
|
enter a credit amount
|
||
enter an account title
|
enter a debit amount
|
enter a credit amount
|
||
enter an account title
|
enter a debit amount
|
enter a credit amount
|
||
|
enter an account title
|
enter a debit amount
|
enter a credit amount
|
|
enter an account title
|
enter a debit amount
|
enter a credit amount
|
||
enter an account title
|
enter a debit amount
|
enter a credit amount
|
||
enter an account title
|
enter a debit amount
|
enter a credit amount
|
||
choose a transaction date May 1June 1July 1July 10
|
enter an account title
|
enter a debit amount
|
enter a credit amount
|
|
enter an account title
|
enter a debit amount
|
enter a credit amount
|
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