Question

Record entries in general journal form to record the following:

1. Established a Petty Cash Fund, $100. Issued Ck. No. 587.
2. Reimbursed the Petty Cash Fund for expenditures of $89: Store Supplies, $39; Office Supplies, $20; Miscellaneous Expense, $30. Issued Ck. No. 595.
3. Increased the amount of the fund by an additional $75. Issued Ck. No. 597.
4. Reimbursed the Petty Cash Fund for expenditures of $97.50: Store Supplies, $36.50; Delivery Expense, $41.00; Miscellaneous Expense, $20.00. Issued Ck. No. 599.

If an amount box does not require an entry, leave it blank.

GENERAL JOURNAL						PAGE
DATE	DESCRIPTION	DOC. NO.		POST. REF.	DEBIT	CREDIT
a.	Petty Cash Fund
	Cash
	Established a Petty Cash Fund, Ck. No. 587.
b.	Store Supplies
	Reimbursed the Petty Cash Fund, Ck. No.595.
c.
	Increased the amount of the Petty Cash Fund, Ck. No. 597.
d.
	Reimbursed the Petty Cash Fund, Ck. No. 599.

Answer 1

Date	Description	Doc. No.	Post. Ref.	Debit	Crdit
a	Petty Cash Fund Account	Ck No. 587		$100
	Cash/Bank Account	Ck No. 587			$100
	( Cash funded in Petty cash Account)
b	Expenditure Account	Ck No. 595		$ 89
	Store Supplies Account	Ck No. 595		$ 39
	Office supllies Account	Ck No. 595		$ 20
	Miscellaneous Account	Ck No. 595		$ 30
	Petty Cash Fund Account	Ck No. 595			$ 178
	( Petty cash fund used for payment of above expenses)
c	Petty Cash Fund Account	Ck No. 597		$ 75
	Cash/Bank Account	Ck No. 597			$ 75
	( Cash funded in Petty cash Account)
d	Expenditure Account	Ck No. 599		$ 97.50
	Store Supplies Account	Ck No. 599		$ 36.50
	Delivery Expenses Account	Ck No. 599		$ 41.00
	Miscellaneous Account	Ck No. 599		$ 20.00
	Petty Cash Fund Account	Ck No. 599			$ 195
	( Expenses paid from petty cash fund)