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Q-1) Fonzarelli Company established a S 300 petty cash fund on April 1. On Arpil 15, there was $15.20 cash in the fund and the
Q-1) Fonzarelli Company established a S 300 petty cash fund on April 1. On Arpil 15, there was $15.20 cash in the fund and the following receipts for these expenditures: Postage: $ 17.10 Advances to Employees: 244.00 Repair Expense: 14.35 Office Supplies: 2.90 The cashier could not account for the $ 6.45 cash short in the fund. Show the journal entries to establish the fund and to reimburse (replenish). The petty cash fund balance was decreased to $200
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