Prepare the general journal entries required to establish

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On October 1, 2021, Foster Company established a petty cash fund by issuing a check for $300 to Tara Marie, the custodian of the petty cash fund. On October 31, 2021, Tara submitted the following paid petty cash receipts for replenishment of the petty cash fund when there is $15 cash in the fund:

Miscellaneous Expense $74

Office Supplies 45

Travel Expense 78

Postage Expense 85

Required:

Question 1: Prepare the general journal entries required to establish the petty cash fund on October 1 and to replenish the fund on October 31.

Reference no: EM132873501

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