Hine H 18 of 38 (18 complete) ? blish renlenish and raise the netty cash level f

Question

Hine H 18 of 38 (18 complete) ? blish renlenish and raise the netty cash level from the followino on i Transactions de lis On November 1, 201X, a $200 Petty Cash Fund was established. At the end of the month, Petty Cash had a balance of $40 plus the following paid vouchers: Donations Expense $35; Postage Expense $40; Office Supplies Expense $35; and Miscellaneous Expenses of $50 On November 30 replenishment of Petty Cash was complete. On December 2 it was decided that the level of Petty Cash was too low, and thus it was raised to a new level of $230. PrintDone

Explanation / Answer

01-Nov Petty cash 200                 Cash 200 30-Nov Donation expense 35 Postage expense 40 Office supplies expense 35 Misc. expense 50              Cash 160 02-Dec Petty cash 30             Cash 30

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