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The petty cash fund of Western Glass Company contained the following items on November 30, 2011: Currency and coins $ 23 Receipts for the following
The petty cash fund of Western Glass Company contained the following items on November 30, 2011:
Currency and coins $ 23
Receipts for the following
expenditures Delivery charges $42
Office supplies $50
Restaurant receipt for entertaining a customer $110 $202
An I.O.U. from an employee $25
Total $250
The petty cash fund was established on November 1, 2011, with a transfer of $250 from cash to the petty cash account.
Prepare the journal entries to establish the petty cash account and to replenish the fund at the end of November.
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