Boothe Company established a petty cash fund of $200 on January 3.At January 28,the fund contained cash of $112 and receipts for the following payments.
On January 28,the petty cash fund was replenished.
Required: Record the above events in general journal form to (1)establish the fund, (2)recognize the expenditures.

Question

Quizplus · Accepted Answer

The Answer of Boothe Company established a petty cash fund of $200 on January 3.At January 28,the fund contained cash of $112 and receipts for the following payments.
On January 28,the petty cash fund was replenished.
Required: Record the above events in general journal form to (1)establish the fund, (2)recognize the expenditures.

Boothe Company Established a Petty Cash Fund of $200 on January