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  3. 1) what would be the journal entry to setup (the c

1) What would be the journal entry to setup (the Company's first petty cash fund)...

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1) What would be the journal entry to setup (the Company's first petty cash fund) a $500 petty cash fund? Debit Credit Account Answer Answer Font 2) If the petty cash box contained the following, what would be the journal entry to replenish petty cash? Assume it is replenished from the operating cash account. $50 receipt for Repairs $150 receipt for office supplies $200 for auto expense $50 for charitable contributions $50 Cash Debit Credit Account Answer Answer Answer Answer Answer Indicate whether the following are 1) added to or subtracted from 2) the bank total or the Company's records (book balance) 1) Add or Sub Bank or Book a) Outstanding checks Answer Answer b) Deposit-in-transit Answer Answer c) Bank charges Answer Answer Answer d) A check incorrectly recorded Answer in the Company's journal for $10, but correctly cleared the bank for $100

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