Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / Swifty Company established a petty cash fund on May 1 for $105

Swifty Company established a petty cash fund on May 1 for $105

Accounting

Swifty Company established a petty cash fund on May 1 for $105. The company reimbursed the fund on June 1 and July 1 with the following results. 
June 1: Cash in fund $2.95. July 1: Cash in fund $5.40. 
Receipts: delivery expense $27.65, postage expense $36.40, and miscellaneous expense $35.15. 

July 1; Cash in fund $5.40
Receipts: delivery expense $21.05, entertainment expense $48.75, and miscellaneous expense $29.80. 
On July 10. Swiftv increased the fund from $105 to $135. 

Prepare the journal entries for Swifty company for May 1, June 1, July 1, & July 10.

Option 1

Low Cost Option
Download this past answer in few clicks

2.96 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

Related Questions