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Question - During October, Eastern Light Company experiences the following transactions in establishing a petty cash fund.
Oct. 1 A petty cash fund is established with a check for $100 issued to the petty cash custodian.
Oct. 31 A count of the petty cash fund disclosed the following items:
Currency $6.89
Coins 0.40
Expenditures receipts (vouchers):
Office supplies $28.10
Telephone, Internet, and fax 13.51
Postage 42.00
Freight-out 6.99
Oct. 31 A check was written to reimburse the fund and increase the fund to $200.
Journalize the entries in October that pertain to the petty cash fund.
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