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Qs 6-4 Petty cash accounting LO P2 16 66 points 1. The petty cash fund...

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Qs 6-4 Petty cash accounting LO P2 16 66 points 1. The petty cash fund of the Brooks Agency is established at $120. At the end of the current period, the fund contained $38 and h the following receipts entertainment, $51, postage, $23, and printing. $8 Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. Answer is not complete. No Transaction General Journal Debit Credit 1a Cash 120 Petty cash 120 1b Cash 38 0 Petty cash 38 2. dentily the two events from the following that cause a Petty Cash account to be credited in a journal entry (Single click the box the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer Fund amounts being reduced. 2 Fund amount is being increased Prev 1 or6EE Next

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