On April 3rd, Snappy Sales decides to establish a $135.00 Petty Cash Account to relieve the burden on Accounting.
(a) Journalize this event.
| Apr 3 | Select Petty CashCash Short and OverAccounts ReceivableSalesCashItem 1 | $ | |
| Select Petty CashCash Short and OverAccounts ReceivableSalesCashItem 3 | $ |
(b) On April 11th, the petty cash fund has receipts for mail and postage of $32.75, contributions and donations of $25.25, meals and entertainment of $68.00 and $9.75 in cash. Journalize the replenishment of the fund. When required, enter your answers in dollars and cents.
| Apr 11 | Select SalesMail and Postage ExpensePetty CashCash Short and OverCashItem 5 | $ | |
| Select Petty CashAccounts PayableContributions and Donations ExpenseCash Short and OverCashItem 7 | $ | ||
| Select Meals and Entertainment ExpensePetty CashAccounts ReceivableCash Short and OverCashItem 9 | $ | ||
| Select Meals and Entertainment ExpenseMail and Postage ExpenseContributions and Donations ExpenseCash Short and OverPetty CashItem 11 | $ | ||
| Select Meals and Entertainment ExpenseMail and Postage ExpensePetty CashCashContributions and Donations ExpenseItem 13 | $ |
(c) On April 12th, Snappy Sales decides to increase petty cash to $175.00. Journalize this event.
| Apr 12 | Select Petty CashAccounts ReceivableSalesCash Short and OverCashItem 15 | $ | |
| Select Petty CashAccounts ReceivableSalesCash Short and OverCashItem 17 | $ |
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