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The petty cash fund of Concords Auto Repair Service, a sole proprietorship, contains the following. 1. Coins and currency $19.80 2. Postage stamps 7.50 3.
The petty cash fund of Concords Auto Repair Service, a sole proprietorship, contains the following.
1. | Coins and currency | $19.80 | ||||
2. | Postage stamps | 7.50 | ||||
3. | An I.O.U. from Richie Cunningham, an employee, for cash advance | 44.60 | ||||
4. | Check payable to Concords Auto Repair from Pottsie Weber, an employee, marked NSF | 38.60 | ||||
5. | Vouchers for the following: | |||||
Stamps | $ 24.60 | |||||
Two Rose Bowl tickets for Nick Concord | 177.00 | |||||
Printer cartridge (Use the Maintenance and Repairs Expense account) | 18.95 | 220.55 | ||||
$331.05 |
The general ledger account Petty Cash has a balance of $335. Prepare the journal entry to record the reimbursement of the petty cash fund.
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