(L. OBJ. 9) Accounting for petty cash [10—15 min]
Louise’s Dance Studio created a $200 imprest petty cash fund. During the month, the fund custodian authorized and signed petty cash tickets as follows:
Requirement
1. Make the general journal entries to
a. create the petty cash fund and
b. record its replenishment. Cash in the fund totals $15, so $10 is missing. Include explanations.
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