Question
The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash
The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,500.The contents of the petty cash fund prior to the October 15 replenishment were:
Currency and coins $112
Petty cash receipts for:
Transportation-in $137
Delivery expense 240
Repairs to office equipment 153
Postage 230
Entertainment of customers 130 890
Total $1,002
Prepare the general journal entry to record the reimbursement and increasing pf the fund on October 15.
Please use the following for General Journal
date
account title and explanation
debit
credit
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