Question

Instructions Chart Of Accounts General Journal Instructions During March, Anderson Company engaged in the following transactions involving its petty cash fund: March Transactions: Mar 1 Anderson Company established the petty cash fund by issuing a check for $1.600 to the fund custodian 4 The custodian paid $75 out of petty cash for freight charges on new equipment. This amount is properly classified as equipment 12 The custodian paid $210 out of petty cash for supplies Anderson expenses supplies purchases as supplies expense. 22 The custodian paid $25 out of putty cash for express mal services for reports sent to the Environmental Protection Agency This is considered a miscellaneous expense 25 The custodian fled a claim for reimbursement of petty cash expenditures during the month totaling 5310 Anderson issued a check for $310 to the custodan, replenishing the fund for expenditures during the month 31 Check My Want more CheckMy Worker Alsed 5 4 9 5 8 6 3 J P 1 O Y T 20 E J K к F G H D < M M N С V B 96

Answer 1

Date	Account Titles	Debit	Credit	Asset	Liability	Equity	Income	Expenses
1-Mar	Petty Cash	$1,800		I
	Cash		$1,800	D
	(To established petty cash fund)
4-Mar	Equipment	$75		I
	Petty Cash		$75	D
	To record Freight charges paid)
12-Mar	Supplies expense	$210				D		I
	Petty Cash		$210	D
	To Record office supplies purchased
22-Mar	Miscellaneous expense	$25				D		I
	Petty Cash		$25	D
	To Record paid to express mail service
25-Mar	No Entry
31-Mar	Petty Cash	$310		I
	Cash		$310	D
	(petty cash replenished)