On March 20, Vaughn's petty cash fund of $108 is replenished when the fund contains $15 in cash and receipts for postage $49, freight-out $18, and travel expense $20. Prepare the journal entry to record the replenishment of the petty cash fund. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Mar. 20 Account Titles and Explanation Petty Cash Petty Cash Debit Credit

On March 20, Vaughn's petty cash fund of $108 is replenished when the fund contains $15 in cash and receipts for postage $49, freight-out $18, and travel expense $20. Prepare the journal entry to record the replenishment of the petty cash fund. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Mar. 20 Account Titles and Explanation Petty Cash Petty Cash Debit Credit

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter6: Bank Accounts, Cash Funds, And Internal Controls

Section: Chapter Questions

Problem 6QY

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Transactions related to revenue and cash receipts completed by Sycamore Inc. during the month of March 20Y8 are as follows: Prepare a single-column revenue journal and a cash receipts journal to record these transactions. Use the following column headings for the cash receipts journal: Fees Earned Cr., Accounts Receivable Cr., and Cash Dr. Place a check mark () in the Post. Ref. column to indicate when the accounts receivable subsidiary ledger should be posted.
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