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Using the information below, determine the appropriate Petty Cash transactions. Be sure to show all supporting work and calculations. 01-Mar-20 Established Petty Cash Fund of
Using the information below, determine the appropriate Petty Cash transactions. Be sure to show all supporting work and calculations. 01-Mar-20 Established Petty Cash Fund of $200.00 by drawing funds from Business Bank Acct. 31-Mar-20 Performed a month end count of the Petty Cash Box. The box contained the following: Receipt for Office Supplies from Staples Receipt for Gasoline for Company Vehicle $73.55 $69.22 Cash Left in Box $57.53 Required: A) Prepare Journal Entry to establish Petty Cash Fund B) Prepare Journal Entry at March 31, 2020 to replenish the Petty Cash Box to $200.00
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