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Prepare the Journal Entries for the Following Petty Cash Transactions

Question 144

Essay

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

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