Homework Answers
| Debit | Credit | |||
| May 1 | Petty cash | 120.00 | ||
| Cash | 120.00 | |||
| June 1 | Delivery expense | 28.75 | ||
| Postage expense | 37.50 | |||
| Miscellaneous expense | 49.00 | |||
| Cash Over and Short | 2.25 | =120-(28.75+37.5+49+2.5) | ||
| Cash | 117.50 | |||
| July 1 | Delivery expense | 19.20 | ||
| Entertainment expense | 48.60 | |||
| Miscellaneous expense | 47.90 | |||
| Cash | 115.70 | |||
| July 10 | Petty cash | 30.00 | =150-120 | |
| Cash | 30.00 |
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Assignment CALCULATOR PRINTEI URCES Exercise 7-7 Sheridan Company established a petty cash fund on May 1,...
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GENERAL GOURNAL IMPACT ON INCOME Walker Co. set up a petty cash fund for payments of...
GENERAL GOURNAL
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