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Ivanhoe Company established a petty cash fund on May 1, cashing a cheque for $150.00. The company replenished the fund on June 1 and
Ivanhoe Company established a petty cash fund on May 1, cashing a cheque for $150.00. The company replenished the fund on June 1 and July 1 with the following results. June 1: Cash in fund, $4.75 Receipts: Delivery expense $30.30 Postage expense 36.30 Travel expense 63.30 July 1: Cash in fund, $3.25 Receipts: Delivery expense $34.25 Entertainment expense 66.65 Supplies 45.85
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