On August 3, Sonar Sales decides to establish a $275 petty cash fund to relieve the burden on Accounting.?
(a) Journalize the establishment of this fund.
(b) On August 11, the petty cash fund has receipts for mail and postage of $124.75, contributions and donationsof $53.25, meals and entertainment of $63.85, and $32.75 in cash. Journalize the replenishment of the fund.
(c) On August 12, Sonar Sales decides to increase petty cash to $400. Journalize this transaction.

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The Answer of On August 3, Sonar Sales decides to establish a $275 petty cash fund to relieve the burden on Accounting.?
(a) Journalize the establishment of this fund.
(b) On August 11, the petty cash fund has receipts for mail and postage of $124.75, contributions and donationsof $53.25, meals and entertainment of $63.85, and $32.75 in cash. Journalize the replenishment of the fund.
(c) On August 12, Sonar Sales decides to increase petty cash to $400. Journalize this transaction.

On August 3, Sonar Sales Decides to Establish a $275