Question

3. On January 2, 2008, $350 was given to Lisa Amani to establisn peuty cuar the following receipts were received from Lisa Amani as evidence of how she spent the petty cash: US Post Office Stamps $76.00 Speedy Delivery service $55.00 Cake N Cookies (for retirement party) $60.00 Office supply Superstore (paper, pencils, etc.) $36.00 A count of cash remaining in the petty cash drawer was $78.00. Lisa Amani requested for the replenishment of the petty cash fund. Also, she requested for the fund to be increased to $370. Required: Make necessary journal entries using the preceding information.

Answer 1

Date	General Journal	Debit	Credit
January 2, 2008	Petty cash	$350
	Cash		$350
January 25, 2008	US post office stamps	$76
	Speedy delivery service	$55
	Cake N Cookie	$60
	Office supply superstore	$36
	Cash short and over	$45
	Cash		$272
January 25, 2008	Petty cash	$20
	Cash		$20

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