Problem 8-2A (Part Level Submission)
Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period.
| Established petty cash fund by writing a check on Scranton Bank for $220. | ||
| 15 | Replenished the petty cash fund by writing a check for $215.10. On this date the fund consisted of $4.90 in cash and the following petty cash receipts: freight-out $95.00, postage expense $42.70, entertainment expense $45.70, and miscellaneous expense $30.10. | |
| 31 | Replenished the petty cash fund by writing a check for $211.40. At this date, the fund consisted of $8.60 in cash and the following petty cash receipts: freight-out $80.90, charitable contributions expense .40, postage expense $60.40, and miscellaneous expense $26.70. | |
| Replenished the petty cash fund by writing a check for $205.00. On this date, the fund consisted of $15.00 in cash and the following petty cash receipts: freight-out $75.90, entertainment expense $42.00, postage expense $31.00, and miscellaneous expense $57.40. | ||
| 16 | Increased the amount of the petty cash fund to $310 by writing a check for $90. | |
| 31 | Replenished the petty cash fund by writing a check for $294.40. On this date, the fund consisted of $15.60 in cash and the following petty cash receipts: postage expense $138.10, travel expense $95.50, and freight-out $59.30. |
chapters 8 and 9
0 comments