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Question 5 The petty cash fund of RM200 for Gugu Company appeared as follows on 31 December 2018: Cash Petty cash vouchers RM90.00 Freight in
Question 5 The petty cash fund of RM200 for Gugu Company appeared as follows on 31 December 2018: Cash Petty cash vouchers RM90.00 Freight in Postage RM30.00 25.00 Token appreciation for retired staff50.00 Instructions 1. Briefly describe when the petty cash fund should be replenished. Because there is cash on hand, is there a need to replenish the fund at year end on 31 December? Explain 2. Prepare in general journal form the entry to replenish the fund. 3. On 31 December, the office manager gives instructions to increase the petty cash fund to RM300. Make the appropriate journal entry
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