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Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on
Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts: December 4 Merchandise purchased $ 52 December 7 Delivery expense $ 76 December 12 Purchase of office supplies $ 41 December 18 Miscellaneous expense $ 60 If, in addition to these receipts, the petty cash fund contains $258.50 of cash, the journal entry to reimbu
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