Prepare journal entries for the following petty cash fund transactions:
Sept. 1 Established a $100 petty cash fund.
30 Replenished the petty cash fund. Currency and coins remaining was $20;
approved paid vouchers were: $12 donation expense; $18 postage; $24 office
supplies expense; and $26 miscellaneous expense.

Question

Quizplus · Accepted Answer

The Answer of Prepare journal entries for the following petty cash fund transactions:
Sept. 1 Established a $100 petty cash fund.
30 Replenished the petty cash fund. Currency and coins remaining was $20;
approved paid vouchers were: $12 donation expense; $18 postage; $24 office
supplies expense; and $26 miscellaneous expense.

Prepare Journal Entries for the Following Petty Cash Fund Transactions