E8: Chapter 8 Cash & Internal Controls (10 Points)

On November 1, Adele Co. established an imprest petty cash fund with a balance of $200. That entry has already been journalized and the relevant amount posted to the General Ledger Cash and Petty Cash accounts.

On November 30, Adele reimburses the Petty Cash account. On November 30, the petty cash fund contains $33 of cash and vouchers for:

Repair of equipment - $105

Meals and entertainment - $37

Purchase of supplies - $28

Prepare the General Journal entry to replenish the Petty Cash fund. Post any relevant amounts to the Cash and Petty Cash General Ledger accounts. Remember to use the Date and PR columns in both the General Journal and the General Ledger. (You only have enough information to fill out the PR column in the General Journal for the Cash and Petty Cash accounts).

General Journal

				Page 1
Date	Account Titles and Explanation	PR	Debit	Credit
2015
11/01	Petty Cash	110	200
	Cash	100		200

Partial General Ledger

			Cash	ACCT	100
Date
2015	Explanation	PR	Debit	Credit	Balance
11/01	Balance				10,000
11/01	Establish Petty Cash Fund	G1		200	9,800

			Petty Cash	ACCT	110
Date
2015	Explanation	PR	Debit	Credit	Balance
11/01	Establish Petty Cash Fund	G1	200		200