(Answered) Question - crown company established a petty cash fund of

Accounting

Question - Crown Company established a petty cash fund of $600 for incidental expenditures on January 2. At the end of the month, the count of cash on hand indicated that $58.35 remained in the fund. A sorting of petty cash vouchers disclosed that the following expenses had been incurred during the month, and the fund was replenished.

Postage Expense $260.40

Office Supplies Expense 160.90

Miscellaneous Expense 114.05

Required: Prepare the journal entries necessary to record Crown's petty cash transactions during January.

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