FOLLOWING ARE THE JOURNAL ENTRIES FOR THE TRANSACTIONS INVOLVED IN THE PETTY CASH FUND OCCURED IN MAY.
DATE | GENERAL JOURNAL | DEBIT | CREDIT |
May 1 | Petty cash | $300 | |
Cash | $300 | ||
May 15 | Janitorial expenses | $93.60 | |
Miscellaneous expenses | $76.41 | ||
Postage expenses | $52.20 | ||
Advertisement expenses | $68.58 | ||
Cash over and short | $13.80 | ||
Cash | $276.99* | ||
May 16 | Petty cash | $200 | |
Cash | $200 | ||
May 31 | postage expenses | $53.73 | |
Mileage expenses | $42.78 | ||
Merchandise expenses | $44.17 | ||
Cash over and short | $35 | ||
Cash | $175.68** | ||
May 31 | Cash | $50 | |
Petty Cash | $50 |
* $276.99 ( $300 - $23.01 )
** $175.68 ( $500 - $324.32 )
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