Explore BrainMass

Explore BrainMass

    Petty Cash Journal Entry

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    A company established a petty cash fund of $100 on September 1. On September 10, the petty cash fund was replenished when there was $16 remaining and there were petty cash receipts for: office supplies, $27; transportation-in on inventory purchased, $32; and postage, $22. On September 15, the petty cash fund was increased to $125 in total. Record the above transactions in general journal form.

    © BrainMass Inc. brainmass.com June 3, 2020, 10:05 pm ad1c9bdddf
    https://brainmass.com/business/journal-entries/petty-cash-journal-entry-214600

    Solution Preview

    A company established a petty cash fund of $100 on September 1. On September 10, the petty cash fund was replenished when there was $16 remaining and there were ...

    Solution Summary

    This solution is comprised of a detailed explanation to record the transactions in general journal form.

    $2.19

    ADVERTISEMENT