Crown Company established a petty cash fund of $600 for incidental expenditures on January 2....
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Accounting
Crown Company established a petty cash fund of $600 for incidental expenditures on January 2. At the end of the month, the count of cash on hand indicated that $57.35 remained in the fund. A sorting of petty cash vouchers disclosed that the following expenses had been incurred during the month, and the fund was replenished.
Postage Expense
$250.40
Office Supplies Expense
165.90
Miscellaneous Expense
119.05
Required:
Prepare the journal entries necessary to record Crowns petty cash transactions during January.
Prepare the journal entries necessary to open the petty cash fund on January 2 and to record Crowns petty cash transactions on January 31.
All transactions on this page must be entered (except for post ref(s)) before you will receive Check My Work feedback.
PAGE 11
GENERAL JOURNAL
Score: 58/87
DATE
ACCOUNT TITLE
POST. REF.
DEBIT
CREDIT
1
2
3
4
5
6
7
Answer & Explanation
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