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Home Q & A Board Other Fields Homework Help Business Accounting
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gOOvER gOOvER
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6 years ago
Johnston Construction created a petty cash fund on July 1, 2014 with an imprest balance of $400. During July, Sandy Bellamy, the fund custodian, signed the following petty cash tickets:

Ticket #   Item   Amount
   1   Office supplies   $29.42
   2   Postage    19.00
   3   Courier charges   72.00
   4   Entertainment lunches   147.33
   5   Office supplies   123.24

 On July 31, prior to the replenishment, the fund contained these tickets plus  $8.01.

Required:
Prepare journal entries to create the fund, replenish the fund, and increase the fund to $450.

   General Journal
Date   Accounts   Debit   Credit
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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HanoiHanoi
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6 years ago
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