Question 8

On April 1, 2016, Alpha Company set up a petty cash fund with a balance of $500. At the end of the month, the petty cash box contained vouchers of $87 for postage, $173 for supplies, $58 for gasoline, and cash on hand of $177. On April 30, 2016, the petty cash fund was replenished. Use this information to prepare the General Journal entries (without explanation) for April 1 and April 30 (compound entry). If no entry is required then write "No Entry Required."