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" Your answer is correct. LaSalle Company established a petty cash fund on May 1, cashing a check for $100. The company reimbursed the fund on June 1 and July 1 with the following results. June 1: Cash in fund Receipts: delivery expense $31.25; postage expense $41; and miscellaneous $1.75. expense $25. July 1: Cash in fund Receipts: delivery expense $21 ; entertainment expense $51 ; and miscellaneous $3.25. expense $24.75. On July 10, LaSalle increased the fund from $100 to $150.00.
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What should the journal entries look like
This question was created from ACC 557 Week 5 Chapter 7 (E7-5,E7-7,E7-14,P7-3A) https://www.aceyourstudies.com/file/8673317/ACC-557-Week-5-Chapter-7-E7-5E7-7E7-14P7-3A/?focusQaId10137117
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Solution #00020176
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DATE ANSWEREDSep 21, 2019
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