Johnston Construction Created a Petty Cash Fund on July 1

Johnston Construction created a petty cash fund on July 1, 2019 with an imprest balance of $400. During July, Sandy Bellamy, the fund custodian, signed the following petty cash tickets: $$\begin{array} { l l r } \text { Ticket \#Item } & \text { Amount } \\1 \quad\quad \text { Office supplies } & \$ 29.42 \\2 \quad\quad \text { Postage } & 19.00 \\3 \quad\quad \text { Courier charges } & 72.00 \\4 \quad\quad \text { Entertainment lunches } & 147.33 \\5 \quad\quad \text { Office supplies } & 123.24\end{array}$$ On July 31, prior to the replenishment, the fund contained these tickets plus $8.01.
Required:
Prepare journal entries to create the fund, replenish the fund, and increase the fund to $450.
General Journal
$$\begin{array} { | l | l | l | l | } \hline \text { Date } & \text { Accounts } & \text { Debit } & \text { Credit } \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline\end{array}$$

Correct Answer:

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