Question

Forney Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period.

July	1		Established petty cash fund by writing a check on Scranton Bank for $205.
	15		Replenished the petty cash fund by writing a check for $200.30. On this date the fund consisted of $4.70 in cash and the following petty cash receipts: freight-out $92.00, postage expense $41.50, entertainment expense $46.00, and miscellaneous expense $18.90.
	31		Replenished the petty cash fund by writing a check for $196.70. At this date, the fund consisted of $8.30 in cash and the following petty cash receipts: freight-out $78.30, charitable contributions expense $45.20, postage expense $48.10, and miscellaneous expense $25.10.
Aug.	15		Replenished the petty cash fund by writing a check for $190.50. On this date, the fund consisted of $14.50 in cash and the following petty cash receipts: freight-out $74.00, entertainment expense $44.20, postage expense $32.50, and miscellaneous expense $41.10.
	16		Increased the amount of the petty cash fund to $320 by writing a check for $115.
	31		Replenished the petty cash fund by writing a check for $304.40. On this date, the fund consisted of $15.60 in cash and the following petty cash receipts: postage expense $138.10, travel expense $94.60, and freight-out $70.20. Journalize the petty cash transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. Round answers to 2 decimal places, e.g. 52.75.) Post to the Petty Cash account.

Answer 1

Date	General Journal	Debit	Credit
01-Jul	Petty Cash	205
	Cash		205
	(Established petty cash fund)
15-Jul	Freight out	92
	Postage Expense	41.5
	Entertainment Expense	46
	Miscellaneous Expense	18.9
	Cash short/over	1.9
	Cash		200.3
	Replenished the petty cash fund
31-Jul	Freight out	78.3
	Charitable contributions.	45.2
	Postage Expense	48.1
	Miscellaneous Expense	25.1
	Cash		196.7
	Replenished the petty cash fund
15-Aug	Freight out	74
	Entertainment Expense	44.2
	Postage Expense	32.5
	Miscellaneous Expense	41.1
	Cash short/over		1.3
	Cash		190.5
	Replenished the petty cash fund
16-Aug	Petty Cash	115
	Cash		115
31-Aug	Freight out	70.2
	Postage Expense	138.1
	Travel expense	94.6
	Cash short/over	1.5
	Cash		304.4
	Replenished the petty cash fund

Petty Cash
01-Jul	205	15-Jul	92
00-Jan	200.3	15-Jul	41.5
31-Jul	196.7	15-Jul	46
15-Aug	190.5	15-Jul	18.9
15-Aug	1.3	15-Jul	1.9
16-Aug	115	31-Jul	78.3
31-Aug	304.4	31-Jul	45.2
		31-Jul	48.1
		31-Jul	25.1
		15-Aug	74
		15-Aug	44.2
		15-Aug	32.5
		15-Aug	41.1
		16-Aug	70.2
		16-Aug	138.1
		16-Aug	94.6
		16-Aug	1.5
01-Sep	320