On April 2,Granger Sales decides to establish a $125.00 petty cash fund to relieve the burden on Accounting.

(a)Journalize the establishment of the fund.
(b)On April 10,the petty cash fund has receipts for mail and postage of $43.50,contributions and donations of
$29.50,meals and entertainment of $38.25,and $13.55 in cash.Journalize the replenishment of the fund.
(c)On April 11,Granger Sales decides to increase petty cash to $200.00.Journalize this event.

Question

On April 2,Granger Sales decides to establish a $125.00 petty cash fund to relieve the burden on Accounting.
​
(a)Journalize the establishment of the fund.
(b)On April 10,the petty cash fund has receipts for mail and postage of $43.50,contributions and donations of
$29.50,meals and entertainment of $38.25,and $13.55 in cash.Journalize the replenishment of the fund.
​(c)On April 11,Granger Sales decides to increase petty cash to $200.00.Journalize this event.

Quizplus · Accepted Answer

The Answer of On April 2,Granger Sales decides to establish a $125.00 petty cash fund to relieve the burden on Accounting.
​
(a)Journalize the establishment of the fund.
(b)On April 10,the petty cash fund has receipts for mail and postage of $43.50,contributions and donations of
$29.50,meals and entertainment of $38.25,and $13.55 in cash.Journalize the replenishment of the fund.
​(c)On April 11,Granger Sales decides to increase petty cash to $200.00.Journalize this event.

On April 2,Granger Sales Decides to Establish a $125