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Record the vouchers in the petty cash record

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Reference no: EM132720920

Problem - On May 1, a petty cash fund was established for $150. The following vouchers were issued during May:

Date

Voucher No.

Purpose

Amount

May 1

1

postage due

$  3.50

3

2

office supplies

11.00

5

3

auto repair (miscellaneous)

43.00

7

4

drawing (Joy Adams)

25.00

11

5

donation (Red Cross)

10.00

15

6

travel expenses

28.00

22

7

postage stamps

3.50

26

8

phone call

5.00

30

9

donation (Boy Scouts)

20.00

Required -

1. Prepare the journal entry to establish the petty cash fund.

2. Record the vouchers in the petty cash record. Total and rule the petty cash record.

3. Prepare the journal entry to replenish the petty cash fund. Make the appropriate entry in the petty cash record.

Reference no: EM132720920

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