The following petty cash transactions were made by the Freeman Corporation during the month General Journal of September. Record the transactions in the journal provided in the account order that they appear below. Date Account Debit Credit Sep 1 Established a petty cash fund of $300. 1-Sep Petty Cash 300 Cash 300 Sep 15 Reimbursed the petty cash fund for the following: Stapler, staples, and tape $55 15-Sep 55 Pizza for the office party (meals) $85 85 Maintenance/Janitorial $112 112 The cash in the box before reimbursement was $40. Sep 16 Realized the petty cash fund should be increased to $400. 15-Sep Miscellaneous Expense Sep 30 Reimbursed the petty cash fund for the following: Delivery charges $85 Toner and paper for office printer $115 Lunch for the customer $130 30-Sep The cash in the box before reimbursement was $75.
The following petty cash transactions were made by the Freeman Corporation during the month General Journal of September. Record the transactions in the journal provided in the account order that they appear below. Date Account Debit Credit Sep 1 Established a petty cash fund of $300. 1-Sep Petty Cash 300 Cash 300 Sep 15 Reimbursed the petty cash fund for the following: Stapler, staples, and tape $55 15-Sep 55 Pizza for the office party (meals) $85 85 Maintenance/Janitorial $112 112 The cash in the box before reimbursement was $40. Sep 16 Realized the petty cash fund should be increased to $400. 15-Sep Miscellaneous Expense Sep 30 Reimbursed the petty cash fund for the following: Delivery charges $85 Toner and paper for office printer $115 Lunch for the customer $130 30-Sep The cash in the box before reimbursement was $75.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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| The following petty cash transactions were made by the Freeman Corporation during the month | General Journal | ||||||||||||||||||||
| of September. Record the transactions in the journal provided in the account order that they appear below. | Date | Account | Debit | Credit | |||||||||||||||||
| Sep 1 | Established a petty cash fund of $300. | 1-Sep | Petty Cash | 300 | |||||||||||||||||
| Cash | 300 | ||||||||||||||||||||
| Sep 15 | Reimbursed the petty cash fund for the following: | ||||||||||||||||||||
| Stapler, staples, and tape | $55 | 15-Sep | 55 | ||||||||||||||||||
| Pizza for the office party (meals) | $85 | 85 | |||||||||||||||||||
| Maintenance/Janitorial | $112 | 112 | |||||||||||||||||||
| The cash in the box before reimbursement was $40. | |||||||||||||||||||||
| Sep 16 | Realized the petty cash fund should be increased to $400. | 15-Sep | Miscellaneous Expense | ||||||||||||||||||
| Sep 30 | Reimbursed the petty cash fund for the following: | ||||||||||||||||||||
| Delivery charges | $85 | ||||||||||||||||||||
| Toner and paper for office printer | $115 | ||||||||||||||||||||
| Lunch for the customer | $130 | ||||||||||||||||||||
| 30-Sep | |||||||||||||||||||||
| The cash in the box before reimbursement was $75. | |||||||||||||||||||||
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