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Kimiko's Dance Studio created a petty cash fund on June 1st with $273. During the month, the fund custodian authorized and signed petty cash tickets as follows:

Petty Cash Ticket No.ItemAccount DebitedAmount
1Delivery of programs to customersDelivery Expense$11
2Mail packagePostage Expense10
3NewsletterPrinting Expense31
4Key to closetMiscellaneous Expense41
5 Office Supplies63

 

  1. Make the general journal entry to create the petty cash fund.
  2. Make the general journal entry on June 30th to record the petty cash fund replenishment. Cash in the fund totals $79.
  3. Assume that Kimiko's Dance Studio decides to decrease the petty cash fund on June 1st to $134.

Petty Cash Reconciliation Report
DescriptionAmountTotal
Subcategory,Date:June 30
Subcategory,Payments - Paid to/Account
Single line
Total amount of receiptsSingle lineSingle line
Expected Petty Cash on HandSingle line
Single line
Amount Over or ShortSingle lineSingle line
Amount Requested for ReimbursementSingle line

Make the journal entry to record this decrease.

Journal
DateDescriptionDebitCredit
June 1
June 1
June 30
June 30
June 30
June 30
June 30
June 30
June 30
July 1
July 1