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Category > Accounting Posted 18 Aug 2017 My Price 6.00

Wichita Light Company

Exercise 7-15

During October, Wichita Light Company experiences the following transactions in establishing a petty cash fund.

Oct. 1   A petty cash fund is established with a check for $150 issued to the petty cash custodian.
31   A check was written to reimburse the fund and increase the fund to $200. A count of the petty cash fund disclosed the following items:
Currency       $59.00
Coins       0.70
Expenditure receipts (vouchers):        
    Supplies   $26.10    
    Telephone, Internet, and fax   16.40    
    Postage   39.70    
    Freight-Out   6.80    


Journalize the entries in October that pertain to the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Date

Account Titles and Explanation

Debit

Credit

Oct. 1

 

Oct. 31

 

 

 

 

 

Answers

Maurice Tutor
(5)
Status NEW Posted 18 Aug 2017 04:08 PM My Price 6.00

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