Problem 1 13 Problem 1 Petty Cash 3 journal entries 4 5 Instructions: 5 Prepare...
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Accounting
Problem 1 13 Problem 1 Petty Cash 3 journal entries 4 5 Instructions: 5 Prepare the journal entries to set up the petty cash fund, replenish it and increase it. Date Account Title Debit Cred 7 1-Nov ABC Corp. established a petty cash fund by issuing a check to the petty cash custodian for $100 30-Nov The petty cash custodian submitted the following paid petty cash receipts for replenishment of the petty cash fund: 30 Supplies Expense Postage Expense Due from employee $ $ $ 15 40 On this date, cash left in the petty cash fund was $10 1-Dec ABC Corp. increased the petty cash fund to $150
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