Crimpson Company had the following petty cash transaction during January 2016:
Crimpson Company had the following petty cash transaction during January 2016:
Jan. 1 Established a petty cash fund of $200
12 Reimbursed the fund for the following expenses:
Supplies expense $65.00
Postage expense 45.00
Miscellaneous expenses 25.00
Petty cash on hand prior to reimbursement was $68.00
28 Reimbursed the fund for the following expenses:
Supplies expense $75.00
Miscellaneous expenses 35.00
Petty cash on hand prior to reimbursement was $86.00
31 Reduced the amount of the fund to $150.00
Required: Prepare the journal entries for the above January petty cash
fund transactions.
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