Question

T. L. Jones Trucking Services establishes a petty cash fund on April 3 for $450. By the end of April, the fund has a cash balance of $381. The company has also issued a credit card and authorized its office manager to make purchases. Expenditures for the month include the following items: Utilities (credit card) Entertainment (petty cash) Stamps (petty cash) Plumbing repair services (credit card) $118 27 42 213 Required: 1. Record the establishment of the petty cash fund on April 3. 2. Record credit card expenditures during the month. The credit card balance is paid in full on April 30. 3. Record petty cash expenditures during the month. Of no entry is required for a transaction/event, select "No Journal Entry Required in the first account field.) ce View transaction list Journal entry worksheet 2 3 Record the establishment of the petty cash fund on April Note: Enter debits before credits Date General Journal Debit Credit April Record entry View general journal Clear entry

Answer 1

Date	Accounts and Explanation	Debit	Credit
April 03	Petty Cash	450
	Cash		450
April 30	Utilities Expense	118
	Repairs and Maintenance Expense	213
	Cash		331
April 30	Entertainment Expense	27
	Postage Expense	42
	Cash		69