Cameron Co established a $ petty cash fund on January One week later, on January the fund contained $ in cash and receipts for these expenditures: postage, $; transportationin $; store supplies, $; and a withdrawal of $ by Jim Cameron, the owner. Cameron uses the perpetual method to account for merchandise inventory.
a Prepare the journal entry to establish the fund on January
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Journal entry worksheet
Record the entry to establish the fund.
Nate: Enter debits before credits.
tableDateGeneral Journal,DebitJanuary Petty cash,Cash
Racord antry
Clear entry
b Prepare a summary of the petty cash payments and record the entry to reimburse the fund on January Round your answers to decimal places.
