Question

On September 1, a company established a petty cash fund of $220. On September 10, the petty cash fund was replenished when there was $76 remaining and there were petty cash receipts for supplies, $51, and postage, $78. On September 15, the petty cash fund was increased to $305. Required: Prepare the journal entries, if any, required on September 1, September 10, and September 15. Journal entry worksheet Record an amount of $220 towards petty cash fundDate General Journal Debit Credit Sept. 1

Answer 1

September 1, 202x, petty cash fund established

Dr Petty cash fund 220

Cr Cash 220

September 10, 202x, petty cash expenses and replenishment of petty cash fund

Dr Postage expenses 78

Dr Supplies expenses 51

Dr Cash short and over 15

Cr Cash 144

September 15, 202x, petty cash fund is increased

Dr Petty cash fund 85

Cr cash 85