fill charts PRINCIPI Gradebook ORION Downloadable eTextbook

fill charts

PRINCIPI Gradebook ORION Downloadable eTextbook ment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN Exercise 7-8 Tamarisk, Inc. uses an im prest petty cash system. The fund was established on March 1 with a balance of $115. During March, the following petty cash receipts were found in the petty cash box. Date Receipt No. For Stamp Inventory Freight-Out Miscellaneous Expense Travel Expense Miscellaneous Expe 3/5 $38 12 10 38 14 The fund was replenished on March 15 when the fund contained $6 in cash. On March 20, the amount in the fund was increased to $190. the entries in March that pertain to the operation of the petty cash fund. (Credit account itles are automatically indented when amount is entered. Do not indent manually, Record journal entries in the are problem.) Date Account Titles and Explanation Debit Credit Mar. 15 All Rights Reserved. A Division of

Solution

Date

Accounts and explanation

Debit

credit

Mar-01

Petty cash

$115

      cash

$115

Mar-15

Postage expense

$38

Freight out

$12

Miscellaneous expense

$19

Travel expense

$38

cash over and short (bal fig)

$2

     cash ($115-$6)

$109

Mar-20

Petty cash

$75

    cash

$75

Date	Accounts and explanation	Debit	credit
Mar-01	Petty cash	$115
	cash		$115
Mar-15	Postage expense	$38
	Freight out	$12
	Miscellaneous expense	$19
	Travel expense	$38
	cash over and short (bal fig)	$2
	cash ($115-$6)		$109
Mar-20	Petty cash	$75
	cash		$75