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Chapter 10 Post-Class Homework
d
On December 1, 2018, Street Design set up a petty cash fund for $275. At the end of the first week, the petty cash fund contains the following items.
of 20.00
Cash on hand
$98
uestion
Receipt for the purchase of office supplies
$32
Receipt for the delivery charges
$11
Receipt for the purchase of stamps
$12
Receipt for travel to a client meeting
$42
Receipt for the payment of newspaper advertising $73
Required
Do not enter dollar signs or commas in the input boxes
a) Calculate any cash overage or shortage.
Cash is
by $
b) Prepare the journal entries for setting up, and replenishing the petty cash fund.
For transactions with more than one debit, enter the debit accounts in alphabetical order.
Date Account Title and Explanation
2018
Dec 1
Set up the petty cash fund
Dec 7
Debit
To replenish the petty cash fund
Credit
MacBook Air
