On August 3rd, Sonar Sales decides to establish a $275.00 Petty Cash Account to relieve the burden on Accounting.
(a) Journalize this event.
(b) On August 11th, the petty cash fund has receipts for mail and postage of $124.75, contributions and donations of $53.25, meals and entertainment of $63.85 and $32.75 in cash. Journalize the replenishment of the fund.
(c) On August 12th, Sonar Sales decides to increase petty cash to $400.00. Journalize this event.

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The Answer of On August 3rd, Sonar Sales decides to establish a $275.00 Petty Cash Account to relieve the burden on Accounting.
(a) Journalize this event.
(b) On August 11th, the petty cash fund has receipts for mail and postage of $124.75, contributions and donations of $53.25, meals and entertainment of $63.85 and $32.75 in cash. Journalize the replenishment of the fund.
(c) On August 12th, Sonar Sales decides to increase petty cash to $400.00. Journalize this event.

On August 3rd, Sonar Sales Decides to Establish a $275