Business, 21.02.2020 05:25 jwilliamsstudent

Sunshine Health established a $105 petty cash fund on January 1. From January 2 through 10, payments were made from the fund, as listed below. On January 12, the fund had only $11 remaining; a check was written to replenish the fund.

January 2 Paid cash for deliveries to customers—$23.
January 7 Paid cash for taxi fare incurred by office manager—$50.
January 10 Paid cash for pens and other office supplies—$17

Required:

1. Prepare the journal entry, if any, required on January 1.
2. Prepare the journal entries, if any, required on January 2 through 10.
3. Prepare the journal entries, if any, required on January 12.

Answers: 2

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Sunshine Health established a $105 petty cash fund on January 1. From January 2 through 10, payments...