Question

The petty cash fund of $280 for Sandhill Company appeared as follows on December 31, 2022

Cash				$69.19
Petty cash vouchers
Freight-in		$63.49
Postage		49.00
Balloons for a special occasion		49.00
Meals		45.00

Prepare the general journal entry to replenish the fund. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. Round answers to 2 decimal places, e.g. 25.20.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount rounded to 2 decimal places	enter a credit amount rounded to 2 decimal places
enter an account title	enter a debit amount rounded to 2 decimal places	enter a credit amount rounded to 2 decimal places
enter an account title	enter a debit amount rounded to 2 decimal places	enter a credit amount rounded to 2 decimal places
enter an account title	enter a debit amount rounded to 2 decimal places	enter a credit amount rounded to 2 decimal places
enter an account title	enter a debit amount rounded to 2 decimal places	enter a credit amount rounded to 2 decimal places

  

  

On December 31, the office manager gives instructions to increase the petty cash fund by $78. Make the appropriate journal entry. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.)

Account Titles and Explanation	Debit	Credit
enter an account title	enter a debit amount	enter a credit amount
enter an account title	enter a debit amount	enter a debit amount

Answer 1

Account Titles and Explanation	Debit	Credit
Freight-In	63.49
Postage Expense	49.00
Miscellaneous Expense	94.00		=49+45
Cash Over and Short	4.32
Cash		210.81	=280-69.19
Account Titles and Explanation	Debit	Credit
Petty Cash	78
Cash		78