Appendix I
Review Exercise Solutions
428
Review Exercise 3
a)
JOURNAL
Page 1
Date
Account Title and Explanation
Debit Credit
2016
Apr 1 Petty Cash
200
Cash
200
To establish petty cash fund
b)
JOURNAL
Page 1
Date
Account Title and Explanation
Debit Credit
2016
Apr 16 Postage Expense
40
Delivery Expense
20
Travel Expense
25
Entertainment Expense
8
Office Expenses
7
Cash Over and Short
5
Cash
105
To reimburse petty cash fund
