Instructions Journal EntryVouchers General Journal Instructions On May 1, a pett

Question

Instructions Journal EntryVouchers General Journal Instructions On May 1, a petty cash fund was established for $150. The following vouchers w Date Voucher No. Purpose Amount $3.50 11.00 43.00 25.00 10.00 28.00 3.50 5.00 20.00 postage due office supplies auto repair (miscellaneous) May 1 2 7 4 drawing (Joy Adams) 5 donation (Red Cross) 15 travel expenses postage stamps phone call 7 26 8 30 9 donation (Boy Scouts) Required: 1. Prepare the journal entry to establish the petty cash fund. If an amount box do Check My Work

Explanation / Answer

Day Description voucher No. Total office supplies postage expense charitable contribution phone expense Travel entertainment Drawing Miscelle. 1 Received in Fund 150 1 1 3.50 3.50 3 2 11 11 5 3 43 43 7 4 25 25 11 5 10 10 15 6 28 28 22 7 3.5 3.5 26 8 5 5 30 9 20 20 149 11 7 30 5 28 25 43 31 Balance 1 31 Replenishment 149 Total 150

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