On April 3, Snappy Sales decides to establish a $135.00 petty cash fund to relieve the burden on Accounting.
(a)Journalize the establishment of the fund.(b)On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of$25.25, meals and entertainment of $68.00, and $9.75 in cash. Journalize the replenishment of the fund.Record any missing funds in the cash short and over account.(c)On April 12, Snappy Sales decides to increase petty cash to $175.00. Journalize this transaction.

Question

On April 3, Snappy Sales decides to establish a $135.00 petty cash fund to relieve the burden on Accounting.​
(a)Journalize the establishment of the fund.(b)On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of$25.25, meals and entertainment of $68.00, and $9.75 in cash. Journalize the replenishment of the fund.Record any missing funds in the cash short and over account.(c)On April 12, Snappy Sales decides to increase petty cash to $175.00. Journalize this transaction.​

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The Answer of On April 3, Snappy Sales decides to establish a $135.00 petty cash fund to relieve the burden on Accounting.​
(a)Journalize the establishment of the fund.(b)On April 11, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of$25.25, meals and entertainment of $68.00, and $9.75 in cash. Journalize the replenishment of the fund.Record any missing funds in the cash short and over account.(c)On April 12, Snappy Sales decides to increase petty cash to $175.00. Journalize this transaction.​

On April 3, Snappy Sales Decides to Establish a $135