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As of december 31, 20x1, the petty cash fund of TUMULT COMMOTION Co. with a general ledger balance of P15,000 comprises the following: Coins and
As of december 31, 20x1, the petty cash fund of TUMULT COMMOTION Co. with a general ledger balance of P15,000 comprises the following:
Coins and currencies:P2,550
Petty cash vouchers:
Gasoline for delivery equipmentP3,000
Medical supplies for employeesP2,040
IOU's
- Advances to employees 2,220
- A sheet of paper with names of several employees together with contribution to bereaved employee, attached is a currency of 2,400
Checks:
- Checks drawn to the order of the petty cash custodian3,000
Personal checks drawn by the petty cash custodian2,400
Requirement : The entry to record the replenishment of the petty cash fund.
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