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Question #1 A petty cash fund in the amount of $75.00 was established by Giston & Gaston Consulting Engineers on September 1, 2007. Required: Prepare

Question #1

A petty cash fund in the amount of $75.00 was established by Giston & Gaston Consulting Engineers on September 1, 2007.

Required:

Prepare the journal entries to record:

(a) the establishment of the petty cash fund

(b) the replenishment and increase to the petty cash fund from $75.00 to $150.00 on Sept. 25,2007.

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