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Al-Yahya Enterprise has established a petty cash fund for its small expenditures. The following transactions took place during the month of February 2021: Feb 1
Al-Yahya Enterprise has established a petty cash fund for its small expenditures. The following transactions took place during the month of February 2021:
Feb 1 Established a RM200 petty cash fund with cash withdrawn from the companys account.
20 The petty cash fund has RM15 remaining and is replenished. Expenditures during the month were RM60 for freight-in, RM35 (meals), RM20 (postage), RM65 (amenities), and RM10 (parking)
REQUIRED:
Prepare the journal entries for the above transactions.
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