Business, 26.03.2020 22:59 rachelsweeney10

Bonita Company maintains a petty cash fund for small expenditures. These transactions occurred during the month Of August.

Aug 1 Established the petty cash fund by writing a check payable to the petty cash custodian for $215.
15 Replenished the petty cash fund by writing a check for $211.20. On this date, the fund consisted of $3.80 in cash and these petty cash receipts: freight-out $94.00, entertainment expense $45.90, postage
expense $41.40, and miscellaneous expense $28.00.
16 Increased the amount Of the petty cash fund to $320 by writing a check for $105.00.
31 Replenished the petty cash fund by writing a check for $304.30. On this date, the fund consisted of $15.70 in cash and these petty cash receipts: postage expense $142.00, entertainment expense $93.80, and freight- out $67.30.

Required:
Journalize the petty cash transaction.

Answers: 3

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Bonita Company maintains a petty cash fund for small expenditures. These transactions occurred durin...