Quibble Company established a $300 petty cash fund by issuing a check to the custodian on February 1. On February 15, the petty cash fund was replenished and increased to $800 in total. The contents of the petty cash fund at tCurrency and Coins:Receipts for:E$12Cleaning39Delivery Expense88Repairs6453291PostageEntertainmentPrepare Quibble's general journal entries to record the reimbursement and the increase of the petty fund on February 15.

Step 1: Debit all the petty cash receipts to recognize them as expenses and so that their amounts…

Answered: Quibble Company established a $300…

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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A petty cash fund was originally established with cheque for 150. On December 31, you find the FF items Prepare the general journal entry to record the replenishment of petty cash funds on December 31.
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