Reference no: EM132675401

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-in $137
Delivery expense $240
Repairs to office equip. $153
Postage $230
Entertainment of customers $130 $890
                                          $1,002

Problem 1: Prepare the general journal entry to record the reimbursement and increasing of the fund on October 15.