Brooklyn Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $228. On September 30, there were $53 cash and the following petty cash receipts in the petty cash box:

a)Record the journal entry on September 30 to replenish the fund and decrease the balance to $146

Chart below

Question

Brooklyn Buttons uses a petty cash imprest system. The fund was established on September 4 with a balance of $228. On September 30, there were $53 cash and the following petty cash receipts in the petty cash box:

a)Record the journal entry on September 30 to replenish the fund and decrease the balance to $146

Chart below

anonymous · Answer

Date		Receipt No.		For		                                            Amount
Sept. 5	1		Freight in (assume perpetual inventory system)	$25	
9		2		Delivery charges on outgoing freight		          14	
14		3		Freight in		                                                          25	
16		4		Supplies		                                                            9	
20		5		Delivery charges on outgoing freight		          19	
29		6		Freight in		                                                          39