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Havermill Co. establishes a $390 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent
Havermill Co. establishes a $390 petty cash fund on September 1. On September 30, the fund is replenished. The accumulated receipts on that date represent $87 for Office Supplies, $151 for merchandise inventory, and $36 for miscellaneous expenses. The fund has a balance of $32. On October 1, the accountant determines that the fund should be increased by $70. The journal entry to record the increase in the fund on October 1 is: ____________
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