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Brampton Company established a $250 petty cash fund on March 10. On March 31, the fund had $180.14 *amaining in cash and receipts for the
Brampton Company established a $250 petty cash fund on March 10. On March 31, the fund had $180.14
*amaining in cash and receipts for the following expenditures: postage - $10.51, delivery expense - $50.00 and air expenses - $10.50.
pare the journal entries on:
o March 10 to establish the fund.
March 31 to record the fund transaction and replenish it.
0
April 1, to reduce the petty cash fund to $100.
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