Crimpson Company had the following petty cash transaction during January 2016:
- Crimpson Company had the following petty cash transaction during January 2016:
Jan. 1Â Established a petty cash fund of $200
12Â Reimbursed the fund for the following expenses:
     Supplies expense    $65.00
     Postage expense     45.00
     Miscellaneous expenses 25.00
   Petty cash on hand prior to reimbursement was $68.00
Â
 28 Reimbursed the fund for the following expenses:
     Supplies expense    $75.00
     Miscellaneous expenses 35.00
   Petty cash on hand prior to reimbursement was $86.00
Â
 31 Reduced the amount of the fund to $150.00
Â
Required: Prepare the journal entries for the above January petty cashÂ
       fund transactions. Â
Â
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Posted 19 Aug 2017 10:08 AM
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