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Conway Designs established a $280 petty cash fund on October 1, 2020. Prepare the entry to replenish the fund at the end of each of
Conway Designs established a $280 petty cash fund on October 1, 2020. Prepare the entry to replenish the fund at the end of each of the following months of activity:
The petty cash box contained $31 on October 31 along with receipts for $140 for cleaning, $34 for postage, and $61 for delivery expense.
On November 30, the petty cash box contained only two receipts, for a $102 computer repair and a $127 entertainment expense. The petty cash custodian counted cash remaining of $55.
The petty cash box contained $30 on December 31 plus receipts for $45 for gas expense, $140 for office supplies, and $65 for entertainment expense. In addition to replenishing the fund, it was increased by $75.
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