Ch 7-Part 1 Homework Igraded) G month. At the Loucks Company established a $270

Question

Ch 7-Part 1 Homework Igraded) G month. At the Loucks Company established a $270 petty cash fund on October 2, 2018. The fund is replenished at the end of each end of October 2018, the fund contained $65 in cash and the following receipts Office supplies Lunch with client Postage Miscellaneous s9e 62 27 26 1.5 Required: Prepare the necessary general journal entries to establish the petty cash fund on October 2 and to repienish the fund on (If no entry is required for a transaction/event, select "No journal entry required" in the first a ccount field.) eBook View transaction list View journal entry worksheet Print Debit Credit No General Journal Date October 02, Petty cash Réferences Cash October 31.Supplies expense 2018 Entertainment expense Postage expense Miscellaneous expense Cash

Explanation / Answer

No Date General Journal Debit Credit 1 2-Oct Petty cash 270 cash 270 2 Oct-31 Supplies expense 90 Entertainment expense 62 postage expense 27 miscellaneous expense 26 Cash 205 (270-65= 205

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