Jasmine Company has established a petty cash fund for small expenditures.Prepare journal entries for the following transactions (omit explanations).
April 5$\quad$$\quad$ Estabished a $200 petty cash fund with cash withdrawn from company checking account.
30$\quad$$\quad$$\quad$ $\quad$The petty cash fund has $10 remaining and is replenished. Expenditures for April were $60 for supplies, $50 for meals, $65 for postage, and $20 for freight-in.
May 31$\quad$$\quad$ The petty cash fund has $20 remaining and is replenished. Expenditures for May were $55 for postage, $40 for charitable contributions, $56 for supplies, and $25 for freight-in.

Question

Jasmine Company has established a petty cash fund for small expenditures.Prepare journal entries for the following transactions (omit explanations).
April  5$\quad$$\quad$ Estabished a $200 petty cash fund with cash withdrawn from company checking account.
30$\quad$$\quad$$\quad$ $\quad$The petty cash fund has $10 remaining and is replenished. Expenditures for April were $60 for supplies, $50 for meals, $65 for postage, and $20 for freight-in.
May 31$\quad$$\quad$ The petty cash fund has $20 remaining and is replenished. Expenditures for May were $55 for postage, $40 for charitable contributions, $56 for supplies, and $25 for freight-in.

Quizplus · Accepted Answer

The Answer of Jasmine Company has established a petty cash fund for small expenditures.Prepare journal entries for the following transactions (omit explanations).
April  5$\quad$$\quad$ Estabished a $200 petty cash fund with cash withdrawn from company checking account.
30$\quad$$\quad$$\quad$ $\quad$The petty cash fund has $10 remaining and is replenished. Expenditures for April were $60 for supplies, $50 for meals, $65 for postage, and $20 for freight-in.
May 31$\quad$$\quad$ The petty cash fund has $20 remaining and is replenished. Expenditures for May were $55 for postage, $40 for charitable contributions, $56 for supplies, and $25 for freight-in.

Jasmine Company Has Established a Petty Cash Fund for Small \quad

Jasmine Company Has Established a Petty Cash Fund for Small $\quad$