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On October 1, 2021, Larkspur Company establishes a petty cash fund by issuing a cheque for $220 to Woody Wood, the custodian of the

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On October 1, 2021, Larkspur Company establishes a petty cash fund by issuing a cheque for $220 to Woody Wood, the custodian of the petty cash fund. On October 31, 2021, Woody Wood submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $10 cash in the fund: Freight in $29 Supplies Expense 87 Entertainment of Clients 62 Postage Expense 26

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