Prepare the journal entries for the following petty cash transactions of Morrison Dental Supplies.
$$\begin{array} { | l | l | }
\hline \text { Aug. } 1 & \text { Established a petty cash fund with a } \$ 200 \text { balance. } \
\hline & \begin{array} { l }
\text { The petty cash fund has } \$ 43 \text { in cash and } \$ 154 \text { in petty } \
\text { cash tickets there were issued to pay for Office Expense } \
( \$ 75 ) \text { and Repair Expense ( } \$ 79 ) \text {. Replenished the fund }
\end{array} \
\text { Aug. 31}& \text {and recorded the expenditures. } \
\hline \text { Oct. 15}&\text { Increased the balance of the petty cash fund to } \$ 250 .\
\hline
\end{array}$$

Question

Prepare the journal entries for the following petty cash transactions of Morrison Dental Supplies.
 $$\begin{array} { | l | l | } 
\hline \text { Aug. } 1 & \text { Established a petty cash fund with a } \$ 200 \text { balance. } \
\hline & \begin{array} { l } 
\text { The petty cash fund has } \$ 43 \text { in cash and } \$ 154 \text { in petty } \
\text { cash tickets there were issued to pay for Office Expense } \
( \$ 75 ) \text { and Repair Expense ( } \$ 79 ) \text {. Replenished the fund }
\end{array} \
\text { Aug. 31}& \text {and recorded the expenditures. } \
\hline \text { Oct. 15}&\text { Increased the balance of the petty cash fund to } \$ 250 .\
\hline 
\end{array}$$

Quizplus · Accepted Answer

The Answer of Prepare the journal entries for the following petty cash transactions of Morrison Dental Supplies.
 $$\begin{array} { | l | l | } 
\hline \text { Aug. } 1 & \text { Established a petty cash fund with a } \$ 200 \text { balance. } \
\hline & \begin{array} { l } 
\text { The petty cash fund has } \$ 43 \text { in cash and } \$ 154 \text { in petty } \
\text { cash tickets there were issued to pay for Office Expense } \
( \$ 75 ) \text { and Repair Expense ( } \$ 79 ) \text {. Replenished the fund }
\end{array} \
\text { Aug. 31}& \text {and recorded the expenditures. } \
\hline \text { Oct. 15}&\text { Increased the balance of the petty cash fund to } \$ 250 .\
\hline 
\end{array}$$

Prepare the Journal Entries for the Following Petty Cash Transactions