Prepare journal entry to establish the petty cash fund

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Reference no: EM1312841

Journal entry to record petty cash fund

1. Prepare the journal entry to establish the petty cash fund.
At the end of April, the fund had $28 in it. The petty cash custodian presented receipts for
a.Postage, $235
b.Shipping, (Freight-out), $133
c.Meals for after-hour meetings (Miscellaneous Expense), $316
d.Coffee Service (Office Expense), $78

2.The custodian requested reimbursement of $772. Prepare the journal entry to replenish the fund.

Reference no: EM1312841

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