Acc100
Exercise 8-7
Setterstrom Company established a petty cash fund on May 1, cashing a check for $100.00. The company reimbursed the fund on June 1 and July 1 with the following results.
On July 10, Setterstrom increased the fund from $100.00 to $130.00.
Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| June 1: Cash in fund $1.75. | Receipts: delivery expense $31.25; postage expense $39.00; and miscellaneous expense $25.00. | |
| July 1: Cash in fund $3.25. | Receipts: delivery expense $21.00; entertainment expense $51.00; and miscellaneous expense $24.75. |
On July 10, Setterstrom increased the fund from $100.00 to $130.00.
Prepare journal entries for Setterstrom Company. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Date | Account Titles and Explanation | Debit | Credit |
May 1 | |||
June 1 | |||
July 1 | |||
July 10 | |||
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