Make the oct entry to establish the fund

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Reference no: EM133052774

Question - Robin's Nest, a builder of birdhouses, decided on Oct 31, 2021 to establish a petty cash fund of $450. The following receipts were found in the cash can on November 30, along with $60 cash:

Nov 2 Purchased office supplies for $75.

Nov 5 Purchased doughnuts and coffee for a meeting for $14.

Nov 7 Paid courier charges of $35 to deliver merchandise across town to a customer.

Nov 10 Paid courier charges of $58 to receive inventory from a supplier.

Nov 14 Gave Robin Crowe, the owner, $95 for gas to attend an out-of-town meeting.

Nov 20 Reimbursed Alan Finch, the manager, $110 for office expenses.

Required - Make the Oct 31 entry to establish the fund, as well as the Nov 30 entry to replenish the fund.

Reference no: EM133052774

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