Instructions On July 1, a petty cash fund was established for $100. The following vouchers were
issued during July: Date Voucher No. July 1 3 5 7 8 11 15 21 25 26 1 2 3 4 5 6 7 8 9 10 2
Purpose office supplies donation (Goodwill) travel expenses postage due office supplies postage
due phone call travel expenses Amount $ 3.00 15.00 5.00 2.00 4.00 3.50 5.00 11.00 withdrawal
by owner (L. Ortiz) copier repair (miscellaneous) 18.50 20.00 Required: 1. Prepare the journal
entry to establish the petty cash fund.
CHART OF ACCOUNTS L. Ortiz General Ledger ASSETS 101 Cash 105 Petty Cash 122
Accounts Receivable 122.1 Allowance for Doubtful Accounts 141 Office Supplies 145 Prepaid
Insurance 181 Office Equipment 181.1 Accumulated Depreciation-Office Equipment
LIABILITIES 202 Accounts Payable 219 Wages Payable REVENUE 401 Sales EXPENSES
511 Wages Expense 512 Advertising Expense 515 Travel and Entertainment Expense 521 Rent
Expense 523 Supplies Expense 525 Phone Expense 532 Bad Debt Expense 534 Charitable
Contributions Expense 535 Insurance Expense 536 Postage Expense
On July 1 , a petty cash fund was established for $100. The following vouchers were issued
during July: Required: 1. Prepare the journal entry to establish the petty cash fund.
Labels For the Month Of July 20-- July 20-- Amount Descriptions Copier repair Donation Office
supplies Phone call Postage due Received in fund Travel expenses Withdrawal
EQUITY 311 L. Ortiz, Capital 312 L. Ortiz, Drawing 313 Income Summary 541 Depreciation
Expense-Office Equipme 549 Miscellaneous Expense.
Instructions On July 1, a petty cash fund was established for $100. .pdf
1. Instructions On July 1, a petty cash fund was established for $100. The following vouchers were
issued during July: Date Voucher No. July 1 3 5 7 8 11 15 21 25 26 1 2 3 4 5 6 7 8 9 10 2
Purpose office supplies donation (Goodwill) travel expenses postage due office supplies postage
due phone call travel expenses Amount $ 3.00 15.00 5.00 2.00 4.00 3.50 5.00 11.00 withdrawal
by owner (L. Ortiz) copier repair (miscellaneous) 18.50 20.00 Required: 1. Prepare the journal
entry to establish the petty cash fund.
CHART OF ACCOUNTS L. Ortiz General Ledger ASSETS 101 Cash 105 Petty Cash 122
Accounts Receivable 122.1 Allowance for Doubtful Accounts 141 Office Supplies 145 Prepaid
Insurance 181 Office Equipment 181.1 Accumulated Depreciation-Office Equipment
LIABILITIES 202 Accounts Payable 219 Wages Payable REVENUE 401 Sales EXPENSES
511 Wages Expense 512 Advertising Expense 515 Travel and Entertainment Expense 521 Rent
Expense 523 Supplies Expense 525 Phone Expense 532 Bad Debt Expense 534 Charitable
Contributions Expense 535 Insurance Expense 536 Postage Expense
On July 1 , a petty cash fund was established for $100. The following vouchers were issued
during July: Required: 1. Prepare the journal entry to establish the petty cash fund.
Labels For the Month Of July 20-- July 20-- Amount Descriptions Copier repair Donation Office
supplies Phone call Postage due Received in fund Travel expenses Withdrawal
EQUITY 311 L. Ortiz, Capital 312 L. Ortiz, Drawing 313 Income Summary 541 Depreciation
Expense-Office Equipme 549 Miscellaneous Expense
