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Conway Designs established a $210 petty cash fund on October 1, 2023. Prepare the entry to replenish the fund at the end of each of
Conway Designs established a $210 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:
- The petty cash box contained $24 on October 31 along with receipts for $104 for cleaning, $27 for postage, and $47 for delivery expense
- On November 30, the petty cash box contained only two receipts, for a $81 computer repair and a $99 entertainment expense. The petty cash custodian counted cash remaining of $33.
- The petty cash box contained $16 on December 31 plus receipts for $52 for gas expense, $98 for office supplies, and $44 for entertainment expense. In addition to replenishing the fund, it was increased by $40.
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