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mariarad [96]
4 years ago
13

On January 2, Jasmine’s Beauty Supplies Inc. issued Check 3100 for $300 to establish a petty cash fund. On January 31, Check 315

9 was issued to replenish the petty cash fund. An analysis of payments from the fund showed these totals: Supplies, $40; Delivery Expense, $81; and Miscellaneous Expense, $16. Indicate how these transactions would be recorded in a general journal.

Business
1 answer:
Kisachek [45]4 years ago
7 0

Answer:

See the attached for the answer and further explanation.

Explanation:

Petty cash fund is a fund set side to small and unimportant expenses to reduce costs and inconvenience of having to record and write check for them all the time.

Note: See the attached for the answer and further explanation.

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