Journalize the entries to record the following:?June 1Established a petty cash fund of $200.30The amount of cash in the petty cash fund is now $57. The fund is replenished based on the following receipts: postage, $25; entertainment, $100; and miscellaneous, $20

.?Journal $\begin{array} { | c | c | c | c | c | } \hline \text { Date } & \text { Description } & \begin{array} { c } \text { Post. } \\\text { Ref. }\end{array} & \text { Debit } & \text { Credit } \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline\end{array}$

Question

Journalize the entries to record the following:?June 1Established a petty cash fund of $200.30The amount of cash in the petty cash fund is now $57. The fund is replenished based on the following receipts: postage, $25; entertainment, $100; and miscellaneous, $20

.?Journal

\begin{array} { | c | c | c | c | c | } \hline \text { Date } & \text { Description } & \begin{array} { c } \text { Post. } \\\text { Ref. }\end{array} & \text { Debit } & \text { Credit } \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline & & & & \\\hline\end{array}

Billy Kivalu · Accepted Answer

Final Answer :  Journal    Date   Description   Post.   Ref.   Debit   Credit   June  1  Petty Cash  200  Cash  200 30  Postage Expense  25  Entertainment Expense  100  Miscellaneous Expense  20  Cash Short and Over  2  Cash  143 \begin{array} { | r | l | r | r | r | } \hline 	ext { Date }  &  { 	ext { Description } }  &  \begin{array} { r } 	ext { Post. } \	ext { Ref. }\end{array}  &  	ext { Debit }  &  	ext { Credit } \\hline 	ext { June } 1  &  	ext { Petty Cash }  &   &  200  &  \\hline  &  	ext { Cash }  &   &   &  200 \\hline  &   &   &   &  \\hline 30  &  	ext { Postage Expense }  &   &  25  &  \\hline  &  	ext { Entertainment Expense }  &   &  100  &  \\hline  &  	ext { Miscellaneous Expense }  &   &  20  &  \\hline  &  	ext { Cash Short and Over }  &   &   &  2 \\hline  &  	ext { Cash }  &   &   &  143 \\hline\end{array}  Date   June  1 30 ​  Description   Petty Cash   Cash   Postage Expense   Entertainment Expense   Miscellaneous Expense   Cash Short and Over   Cash  ​  Post.   Ref.  ​ ​  Debit  200 25 100 20 ​  Credit  200 2 143 ​ ​

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