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Q2- The petty cash fund of $200 for George Company appeared as follows on December 31, 2016: $59.40 Cash Petty cash vouchers Freight in Postage
Q2- The petty cash fund of $200 for George Company appeared as follows on December 31, 2016: $59.40 Cash Petty cash vouchers Freight in Postage Balloons for a special occasion $27.60 40.00 68.00 Instructions 1. Briefly describe when the petty cash fund should be replenished. . 2. Prepare in general journal form the entry to replenish the fund. 3. On December 31, the office manager gives instructions to increase the petty cash fund by $50. Make the appropriate journal entry
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