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Prepare the journal entry to record the reimbursement

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Question - The petty cash fund of Windsor's Auto Repair Service, a sole proprietorship, contains the following.

Coins and currency $16.002. Postage stamps 3.703. An I.O.U. from Richie Cunningham, an employee, for cash advance 40.804. Check payable to Windsor's Auto Repair from Pottsie Weber, an employee, marked NSF34.805.

Vouchers for the following:

Stamps $20.80

Two Rose Bowl tickets for Nick Windsor 205.00

Printer cartridge (Use the Office Supplies account) 15.15 240.95

$336.25

The general ledger account Petty Cash has a balance of $344.

Required - Prepare the journal entry to record the reimbursement of the petty cash fund.

Reference no: EM132482994

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