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Oriole, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for
Oriole, Inc. decided to establish a petty cash fund to help ensure internal control over its small cash expenditures. The following information is available for the month of April. 1.On April 1, it established a petty cash fund in the amount of $253. 2.A summary of the petty cash expenditures made by the petty cash custodian as of April 10 is as follows.
Delivery charges paid on merchandise purchased | $74 |
Supplies purchased and used | 39 |
Postage expense | 47 |
I.O.U. from employees | 31 |
Miscellaneous expense | 50 |
Date | Account Titles and Explanation | Debit | Credit |
April 1April 10April 20 | |||
April 10 | |||
April 1April 10April 20 | |||
|
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