Johnston Construction created a petty cash fund on July 1, 2019 with an imprest balance of $400. During July, Sandy Bellamy, the fund custodian, signed the following petty cash tickets: On July 31, prior to the replenishment, the fund contained these tickets plus $8.01.
Required:
Prepare journal entries to create the fund, replenish the fund, and increase the fund to $450.
General Journal
Correct Answer:
Verified
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