Solution-Give the entry to reimburse fund and to increase

Give the entry to reimburse fund and to increase its amount

Reference no: EM133111393

Question - On November 1, a company established a $90 petty cash fund. On November 12, the petty cash fund contains $3 in cash and the following paid petty cash receipts:

Transportation-in on merchandise inventory $14.25;

Postage, $34.50;

And office supplies, $36.

Give the entry to reimburse the fund and to increase its amount to $150 on November 12.

Reference no: EM133111393

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Give the entry to reimburse fund and to increase its amount

Reference no: EM133111393

Reference no: EM133111393

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