Trinh Company has set up a petty cash fund with $250.00 on April 8. Prepare a journal entry to record this. On April 16, the petty cash box contained $58.25 cash and the following receipts. The petty cash was replenished the same day. Record the journal entry. Joe’s Coffee House - $22.55 (coffee and treats for meeting) Canada Post - $32.60 (for postage) Staples - $136.25 (office supplies)

Trinh Company has set up a petty cash fund with $250.00 on April 8. Prepare a journal entry to record this. On April 16, the petty cash box contained $58.25 cash and the following receipts. The petty cash was replenished the same day. Record the journal entry. Joe’s Coffee House - $22.55 (coffee and treats for meeting) Canada Post - $32.60 (for postage) Staples - $136.25 (office supplies)

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter7: Accounting For Cash

Section: Chapter Questions

Problem 6SEB

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T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $200. By the end of April, the fund has a cash balance of $97. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Utilities (credit card) Entertainment (petty cash) Stamps (petty cash) Plumbing repair services (credit card) $ 435 44 59 630 Required: Record the establishment of the petty cash fund on April 3, all expenditures made during the month, and the replenishment of the petty cash fund on April 30. The credit card balance is paid in full on April 30. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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