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Blossom, Inc decided to establish a petty cash fund to hep ensure internal control over its small cash sepesnditures. The following Information is avaliable for
Blossom, Inc decided to establish a petty cash fund to hep ensure internal control over its small cash sepesnditures. The following Information is avaliable for the month of April. 1. On April 1, it established a petty cash fund in the amount of $241. 2. A summary of the petty cash openditures made by the petty cash custodian as of April 10 is as follows The petty cash fund was replenished an April 10 . The balance in the fund was $4 3. The petty cash fund balance was increased $112 to $353 on April 20 Prepare the journal entries to record transactiens r elated to patty cash for the month of Agril. Of wo entry is requihex, seled "No Entry" for
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