Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $10 cash and petty cash receipts for postage $20, and tolls and parking $73. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the entry on June 1 to establish the fund. Date Account Titles and Explanation Jun. 1 Prepare the entry on June 30 to replenish the fund. Date Account Titles and Explanation Jun. 30 Debit Debit Credit Credit DUL
Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $10 cash and petty cash receipts for postage $20, and tolls and parking $73. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Prepare the entry on June 1 to establish the fund. Date Account Titles and Explanation Jun. 1 Prepare the entry on June 30 to replenish the fund. Date Account Titles and Explanation Jun. 30 Debit Debit Credit Credit DUL
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 4PB
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![Knowledge Check
Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $10 cash and petty cash receipts for postage
$20, and tolls and parking $73. (List all debit entries before credit entries. Credit account titles are automatically indented when amount
is entered. Do not indent manually.)
A
Prepare the entry on June 1 to establish the fund.
Date Account Titles and Explanation
Jun. 1
Prepare the entry on June 30 to replenish the fund.
Date Account Titles and Explanation
Jun. 30
Debit
Debit
Credit
Credit
TOU](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F50cd12d3-46cb-4ff3-8ce4-f7779dfd3ae4%2F38e20ace-cca4-401e-bfeb-57cbcbb1da3e%2Fg03u_processed.png&w=3840&q=75)
Transcribed Image Text:Knowledge Check
Seal Mate established a $100 petty cash fund on June 1. On June 30, the fund had $10 cash and petty cash receipts for postage
$20, and tolls and parking $73. (List all debit entries before credit entries. Credit account titles are automatically indented when amount
is entered. Do not indent manually.)
A
Prepare the entry on June 1 to establish the fund.
Date Account Titles and Explanation
Jun. 1
Prepare the entry on June 30 to replenish the fund.
Date Account Titles and Explanation
Jun. 30
Debit
Debit
Credit
Credit
TOU
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