Use this information to prepare the general journal entries


Question - On April 1, 2016, Alpha Company set up a petty cash fund with a balance of $500. At the end of the month, the petty cash box contained vouchers of $85 for postage, $175 for supplies, $50 for gasoline, and cash on hand of $195. On April 30, 2016, the petty cash fund was replenished. Use this information to prepare the General Journal entries (without explanation) for April 1 and April 30 (compound entry). If no entry is required then write "No Entry Required."

Solution Preview :

Prepared by a verified Expert
Accounting Basics: Use this information to prepare the general journal entries
Reference No:- TGS02501816

Now Priced at $20 (50% Discount)

Recommended (94%)

Rated (4.6/5)