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ABC Corporation maintains a petty cash fund for minor expenses. The petty cash account had an imprest balance of $500. The following transactions occurred in

ABC Corporation maintains a petty cash fund for minor expenses. The petty cash account had an imprest balance of $500. The following transactions occurred in January:

    • Jan 5: Replenished petty cash, $350
    • Jan 10: Office supplies purchased, $200
    • Jan 15: Refreshments for office meeting, $50
    • Jan 20: Taxi fare for client, $30

Replenish the petty cash fund and record the necessary journal entries.

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