Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage ($140) and printing ($54). Complete the necessary journal entry by selecting the account
Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized receipts for postage ($140) and printing ($54). Complete the necessary journal entry by selecting the account
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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Question
![Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the
fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized
receipts for postage ($140) and printing ($54). Complete the necessary journal entry by selecting the
account names and dollar amounts from the drop-down menus.
View transaction list
Journal entry worksheet
1
Recall on February 1, Derrick Company established a $200 petty cash fund. On
February 15, when the fund balance reached $7, the petty cash custodian
prepared a petty cash report that summarized receipts for postage ($140) and
printing ($54). Complete the necessary journal entry by selecting the account
names and dollar amounts from the drop-down monur
Note: Enter debits before credits.
Date
Feb. 15
General Journal
Debit
Credit](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F96ccea39-6e20-4e83-b9fb-b22d2ae10407%2F66d54ec4-7dac-4880-afbf-5fc394970b26%2Fuasofvm_processed.png&w=3840&q=75)
Transcribed Image Text:Recall on February 1, Derrick Company established a $200 petty cash fund. On February 15, when the
fund balance reached $7, the petty cash custodian prepared a petty cash report that summarized
receipts for postage ($140) and printing ($54). Complete the necessary journal entry by selecting the
account names and dollar amounts from the drop-down menus.
View transaction list
Journal entry worksheet
1
Recall on February 1, Derrick Company established a $200 petty cash fund. On
February 15, when the fund balance reached $7, the petty cash custodian
prepared a petty cash report that summarized receipts for postage ($140) and
printing ($54). Complete the necessary journal entry by selecting the account
names and dollar amounts from the drop-down monur
Note: Enter debits before credits.
Date
Feb. 15
General Journal
Debit
Credit
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