..ooo Verizon 124%) 0 10:51 AM edugen.wileyplus.com WileyPLUSl, Accounting: Tool

Question

..ooo Verizon 124%) 0 10:51 AM edugen.wileyplus.com WileyPLUSl, Accounting: Tools for Business Decision Making se ACCOUNTING (ACeT 300/39 Exercise 7-15 During October, Wichita Light Company experiences the following transactions in establishing a petty cash fund p t os A petty cash fund is established with a check for $147 issued to the petty cash custodian A check was written to reimburse the fund and increase the fund to $197, A count of the petty cash fund disclosed the following items: 59.00 inbenet, and Journalize the entries in October that pertain to the petty cash fund. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Explanation / Answer

Petty Cash a/c Dr 50        To Bank a/c 50 Supplies a/c Dr 24.72 Telephone, Internet, etc a/c Dr 15.02 Postage a/c Dr 38.32 Freight Out a/c Dr 5.42 Random a/c Dr Dr 52.52     To Petty Cash a/c 136

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