On August 1, 2019, Rubble Station Established a $350 Petty $\quad ~~~~~~~~~~~~~~~~~\$ 65.25$

question 95

Essay

On August 1, 2019, Rubble Station established a $350 petty cash fund. At the end of August, the petty cash fund contained: - Cash on hand $\quad ~~~~~~~~~~~~~~~~~\$ 65.25$
- Petty cash tickets for
$\begin{array} { l r } \text { postage } & \$ 95.50 \\ \text { office supplies } & 94.50 \\ \text { miscellaneous items } & 99.25 \end{array}$ a)Prepare the journal entry to establish the petty cash fund on August 1, 2019.
b)Prepare the journal entry on August 31, 2019, to replenish the petty cash fund.
c)Assume on August 31, 2019, after replenishing the petty cash fund, Rubble Station desires to increase the petty cash fund to $400. Prepare the necessary journal entry.

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Definitions:

Sports Drinks

Beverages formulated to help athletes rehydrate, as well as replenish electrolytes, sugar, and other nutrients during intense physical activity.

Sugar

A type of carbohydrate that tastes sweet and provides energy to the body, found naturally in foods or added during processing.

Cardiorespiratory Endurance

The ability of the heart, lungs, and circulatory system to sustain physical activity over a prolonged period.

Heart's Pumping

Describes the action of the heart as it contracts to circulate blood throughout the body.