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1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the
1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the following receipts: entertainment, $70;postage. $30; and printing. $22. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. View transaction list Journal entry worksheet 1 2 Record the establishment of the petty cash fund. Note: Enter debits before credits General Journal Debit Credit Transaction 1a Record entry Clear entry View general journal 1. Brooks Agency set up a petty cash fund for $150. At the end of the current period, the fund contained $28 and had the following receipts: entertainment, $70;postage. $30; and printing, $22. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period. View transaction list Journal entry worksheet 1 2 Record the reimbursement of the fund at the end of the current period. Note: Enter debits before credits General Journal Transaction 1b Debit Credit Record entry Clear entry View general Journal
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