eChrome Volor Inc. completed the following petty cash transactions during July 2014:
July 3: Paid $146.00 for minor computer repairs.
July 1: Drew a $1,000.00 cheque, cashed it, and gave the proceeds and the petty cash box to Linda Champion, the petty cashier.
July 6: Purchased office supplies for $141.55.
July 8: Paid $134.90 for stamps.
July 9: Paid $156.45 to mail a contract to a client.
July 11: Paid $132.15 courier charges to deliver merchandise to a customer.
July 12: Paid $151.10 for minor computer repairs.
In addition, the size of the petty cash fund was increased to $1,100.00.
Enter the journal entry to establish the petty cash fund. Provide an appropriate description and enter the date in the format dd/mmm (e.g., 15/Jan).
Date | General Journal | Account/Explanation | Page
-----|----------------|---------------------|-----
GUT | Petty cash | Credit | +1,000
| Cash | | 1,000
General Journal | Date | Account/Explanation | Page
----------------|------|---------------------|-----
31/Jul | | Repair expense | 29.70
| | Postage expense | 13.49
| | Delivery expense | 13.21
| | Office supplies expense | 14.15
| | Auto expense | 15.64
| | Cash over and short | 10.18
| | Cash | 9.64
