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QUESTION 2 (5 Marks) The following documentation was found in Cameron Supply Co.'s petty cash box, for the month of August: August Receipt Description
QUESTION 2 (5 Marks) The following documentation was found in Cameron Supply Co.'s petty cash box, for the month of August: August Receipt Description 4 Canada Post Postage 9 Purolator Shipping 11 Esso Fuel 14 WalMart Cleaning Supplies 21 25 Esso Fuel City of Saskatoon Parking Amount 19.78 10.32 62.46 17.41 56.00 10.00 The opening balance of the petty cash fund was $200 and the amount of cash remaining at the end of the month is $26.55. The company wants to reduce the petty cash fund to $150. REQUIRED: Prepare a general journal entry to replenish the petty cash fund for the month of August and adjust it to the new desired level.
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