Prepare general journal entry to record the reimbursement

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Question - The Crown Company established a $1,000 petty cash fund by issuing a cheque to the custodian on October 1. On October 15, the petty cash fund was replenished and increased to $1,500. The contents of the petty cash fund prior to the October 15 replenishment were:

Currency and coins $112

Petty cash receipts for:

Transportation $137

Delivery expense 240

Repairs to office equipment 153

Postage 230

Entertainment of customers 130 890

Total $1,002

Required - Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.

Reference no: EM133028247

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