Make the general journal entries to a create the petty cash

Reference no: EM13569260

Louise's Dance Studio created a $200 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:

Petty cash Ticket no. Item Account debited amount

1 Delivery of programs

to customers Delivery expense $15

2 Mail package Postage expense 10

3 Newsletter Supplier expense 30

4 Key to closet Miscellaneous expense 45

5 Computer jump drive Supplies expense 75

Requirement

R1. Make the general journal entries to a. create the petty cash fund and b. record its replenishment. Cash in the fund totals $15, so $10 is missing. Include explanations

Reference no: EM13569260

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