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Loucks Company established a $330 petty cash fund on October 2,2018. The fund is replenished at the end of each month. At the end of
Loucks Company established a $330 petty cash fund on October 2,2018. The fund is replenished at the end of each month. At the end of October 2018, the fund contained $89 in cash and the following receipts Office supplies Lunch with client74 Postage Miscellaneous 1.02 32 Required Prepare the necessary general journal entries to establish the petty cash fund on October 2 and to replenish the fund on October 31 (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
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