Ursula Company maintains a petty cash fund for small expenditures. The following transactions occurred over a 2-month period.
| July 1 |
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Established petty cash fund by writing a check on Scranton Bank for $205.00. |
| 15 |
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Replenished the petty cash fund by writing a check for $201.20. On this date the fund consisted of $3.80 in cash and the following petty cash receipts: freight-out $92.10, postage expense $40.80, entertainment expense $48.80, and miscellaneous expense $18.23. |
| 31 |
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Replenished the petty cash fund by writing a check for $197.00. At this date, the fund consisted of $8.00 in cash and the following petty cash receipts: freight-out $80.30, charitable contributions expense $45.10, postage expense $34.30, and miscellaneous expense $37.30. |
| Aug. 15 |
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Replenished the petty cash fund by writing a check for $191.10. On this date, the fund consisted of $13.90 in cash and the following petty cash receipts: freight-out $77.00, entertainment expense $41.10, postage expense $34.20, and miscellaneous expense $40.20. |
| 16 |
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Increased the amount of the petty cash fund to $305.00 by writing a check for $100.00. |
| 31 |
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Replenished petty cash fund by writing a check for $287.10. On this date, the fund consisted of $17.90 in cash and the following petty cash receipts: postage expense $138.20, travel expense $96.10, and freight-out $51.40.
Post to the Petty Cash account.
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Petty Cash
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Date
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Explanation
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Ref
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Debit
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Credit
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Balance
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CP
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CP
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