Read Each of the Following Transactions

Essay

Read each of the following transactions. Determine the accounts and amounts to be debited and credited.
A)Issued a check for $2,500 to Jaime Gomez, the owner, as a cash withdrawal for personal use.
B)Issued a check for $75 to establish a petty cash fund.
C)Issued a check for $50 to replenish the petty cash fund. An analysis of the payments from the fund showed the following totals: Supplies, $25; Delivery Expense, $10; Miscellaneous Expense,
$15)