Harristown Hockey Club (HHC) maintains a petty cash fund for minor club expenditures. The petty cash custodian, Wayne Crosby, describes the events that occurred during the last two months:. a. I established the fund by cashing a check from HHC for $265 made payable to me.
b. Tom Canuck provided a $79 receipt for repairs to the club’s computer, so I paid $79 cash to him.
c. Kim Harra provided a receipt for $59 for various supplies she planned to use to decorate the arena later this year. I paid $59 cash to her.
d. Trainer Jim bought some equipment that the club intends to use for the next few years. He gave me the receipt and I paid him $89.
e. On the last day of the month, I prepared a summary of expenditures and requested the fund be replenished. I received and cashed a check from HHC for $227, placing the cash into a locked cash box.
f. Wendy Wignes provided receipts for supplies purchased for the club’s office for use next month. I paid $134 cash to her.
g. Destiny Hook provided a phone bill showing she had paid $39 for telephone calls made to contact referees for the annual tournament. I paid her $39 cash.
h. Gutty McTavish submitted a receipt for $44 for a haircut he received. I did not pay him.
i. On the last day of the month, I received and cashed a check from HHC for $173, placing the cash into the locked cash box.
Required:
Prepare journal entries where required. (If no entry is required for a transaction/event, select "No Journal Entry Required" In the first account field.)
View transaction list
Journal entry worksheet
1 2 3 4 5 6 7 8 9
I established the fund by cashing a check from HHC for $265 made payable to me. Record the transaction.
Note: Enter debits before credits.
Transaction General Journal Debit Credit
Record entry Clear entry View general journal