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Question: Recording Petty Cash Transactions Sunshine Health established a $100 petty cash fund on January 1. From January 2 through 10, payments were made from the fund, as listed below. On January 12, the fund had only $10 remaining; a check was written to replenish the fund.

a. January 2-Paid cash to courier for deliveries to customers-$23.

b. January 7-Paid cash for taxi fares-$50.

c. January 10-Paid cash for postage-$13.

Required: 1. Prepare the journal entry, if any, required on January 1.

2. Prepare the journal entries, if any, required on January 2 through 10.

3. Prepare the journal entries, if any, required on January 12.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M93078750

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