Required information [The following information applies to the questions displayed below.] Fresh Foods established a petty cash fund of $250 on January 2. On January 31, the fund contained cash of $53.25 and vouchers for the following cash payments. Maintenance expense Office supplies Transportation expense The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Assume the company uses the alternative approach to petty cash expense recognition and replenishment. $ 80.50 80.60 32.25 b. Record the events in general journal format. no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.) View transaction list A Record entry for petty cash fund. B Record entry for reimbursements made to employees. C Record entry for recognition of expenses and replenishment of the fund.
Required information [The following information applies to the questions displayed below.] Fresh Foods established a petty cash fund of $250 on January 2. On January 31, the fund contained cash of $53.25 and vouchers for the following cash payments. Maintenance expense Office supplies Transportation expense The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund. Assume the company uses the alternative approach to petty cash expense recognition and replenishment. $ 80.50 80.60 32.25 b. Record the events in general journal format. no entry is required for a transaction/event, select "No journal entry required" in the first account field. Round your answers to 2 decimal places.) View transaction list A Record entry for petty cash fund. B Record entry for reimbursements made to employees. C Record entry for recognition of expenses and replenishment of the fund.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
don't give answer in image format
![Required information
[The following information applies to the questions displayed below.]
Fresh Foods established a petty cash fund of $250 on January 2. On January 31, the fund contained cash of
$53.25 and vouchers for the following cash payments.
A
Maintenance expense
Office supplies
B
b. Record the events in general journal format. (If no entry is required for a transaction/event, select "No journal entry
required" in the first account field. Round your answers to 2 decimal places.)
View transaction list
Transportation expense
The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the
fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund.
Assume the company uses the alternative approach to petty cash expense recognition and replenishment.
$ 80.50
80.60
32.25
Record entry for petty cash fund.
Record entry for reimbursements made to employees.
с Record entry for recognition of expenses and
replenishment of the fund.
X
>](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6f8dbc71-3231-4be5-b4e4-c9b6bf0efb3c%2Fd6c41e5a-f406-43bb-b94d-51b623556122%2Fmheszj_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
Fresh Foods established a petty cash fund of $250 on January 2. On January 31, the fund contained cash of
$53.25 and vouchers for the following cash payments.
A
Maintenance expense
Office supplies
B
b. Record the events in general journal format. (If no entry is required for a transaction/event, select "No journal entry
required" in the first account field. Round your answers to 2 decimal places.)
View transaction list
Transportation expense
The three distinct accounting events affecting the petty cash fund for the period were (1) establishment of the
fund, (2) reimbursements made to employees, and (3) recognition of expenses and replenishment of the fund.
Assume the company uses the alternative approach to petty cash expense recognition and replenishment.
$ 80.50
80.60
32.25
Record entry for petty cash fund.
Record entry for reimbursements made to employees.
с Record entry for recognition of expenses and
replenishment of the fund.
X
>
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