Lisas Cabinet Design established a petty cash fund on April 1, 2024, to facilitate the...
80.2K
Verified Solution
Link Copied!
Question
Accounting
Lisas Cabinet Design established a petty cash fund on April 1, 2024, to facilitate the payment of small items. The following petty cash transactions were noted by the petty cash custodian during the month of April 2024:
| Apr. | 1 | Received cash of $200 to establish the petty cash fund. | |
| 10 | The petty cash fund was replenished when there was $75 on hand and the following receipts: | ||
| a) $31 for supplies | |||
| b) $51 for freight in charges | |||
| c) $26 for postage | |||
| 15 | The petty cash fund was increased to $235 |
Prepare the journal entries required for the above transactions.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.