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Stuck accounting! Send help pls & ty! On September 1, 2017, Watkins Company establishes...

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Accounting

imageStuck accounting! Send help pls & ty!

On September 1, 2017, Watkins Company establishes a petty cash fund by issuing a check for $250 to Mike Martz, the custodian of the petty cash fund. On September 30, 2017, Mike Martz submitted the following paid petty cash vouchers for replenishment of the petty cash fund when there is $35 cash in the fund Freight-in Office Supplies Expense Entertainment of Clients $25 75 37 80 Postage Expense Prepare the journal entries required to establish the petty cash fund on September 1 and the replenishment of the fund on September 30. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Sept. 1 Petty Cash 250 cash 250 30 2 Freight-In Supplies Expense Entertainment Expense 25 75 37 Postage Expense 80 Cash 215

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