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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
On April 3rd, Snappy Sales decides to establish a $135.00 Petty Cash Account to relieve the burden on Accounting.
(a) Journalize this event.
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| Apr 3 | -Select-Petty CashCash Short and OverAccounts ReceivableSalesCashItem 1 | $ | Â |
| Â | -Select-Petty CashCash Short and OverAccounts ReceivableSalesCashItem 3 | Â | $ |
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(b) On April 11th, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of $25.25, meals and entertainment of $68.00 and $9.75 in cash. Journalize the replenishment of the fund. When required, enter your answers in dollars and cents.
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| Apr 11 | -Select-SalesMail and Postage ExpensePetty CashCash Short and OverCashItem 5 | $ | Â |
| Â | -Select-Petty CashAccounts PayableContributions and Donations ExpenseCash Short and OverCashItem 7 | $ | Â |
| Â | -Select-Meals and Entertainment ExpensePetty CashAccounts ReceivableCash Short and OverCashItem 9 | $ | Â |
| Â | -Select-Meals and Entertainment ExpenseMail and Postage ExpenseContributions and Donations ExpenseCash Short and OverPetty CashItem 11 | Â | $ |
| Â | -Select-Meals and Entertainment ExpenseMail and Postage ExpensePetty CashCashContributions and Donations ExpenseItem 13 | Â | $ |
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(c) On April 12th, Snappy Sales decides to increase petty cash to $175.00. Journalize this event.
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| Apr 12 | -Select-Petty CashAccounts ReceivableSalesCash Short and OverCashItem 15 | $ | Â |
| Â | -Select-Petty CashAccounts ReceivableSalesCash Short and OverCashItem 17 | Â | $ |
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