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Prepare the journal entries for the above january

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Reference no: EM131783559

Crimpson Company had the following petty cash transaction during January 2016:

Jan. 1 Established a petty cash fund of $200

12 Reimbursed the fund for the following expenses:

Supplies expense $65.00

Postage expense 45.00

Miscellaneous expenses 25.00

Petty cash on hand prior to reimbursement was $68.00

28 Reimbursed the fund for the following expenses:

Supplies expense $75.00

Miscellaneous expenses 35.00

Petty cash on hand prior to reimbursement was $86.00

31 Reduced the amount of the fund to $150.00

Required: Prepare the journal entries for the above January petty cash fund transactions.

Reference no: EM131783559

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