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Conway Designs established a $190 petty cash fund on October 1, 2023. Prepare the entry to replenish the fund at the end of each of
Conway Designs established a $190 petty cash fund on October 1, 2023. Prepare the entry to replenish the fund at the end of each of the following months of activity: a. The petty cash box contained $21 on October 31 along with receipts for $89 for cleaning, $23 for postage, and $42 for delivery expense. b. On November 30, the petty cash box contained only two receipts, for a $70 computer repair and a $88 entertainment expense. The petty cash custodian counted cash remaining of $41. c. The petty cash box contained $16 on December 31 plus receipts for $30 for gas expense, $98 for office supplies, and $46 for entertainment expense. In addition to replenishing the fund, it was increased by $90.
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