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Prepare the journal entry to record the reimbursement

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

1. Coins and currency $19.00

2. Postage stamps 6.70

3. An I.O.U. from Richie Cunningham, an employee, for cash advance 43.80

4. Check payable to Larkspur's Auto Repair from Pottsie Weber, an employee, marked NSF 37.80

5. Vouchers for the following:

Stamps $23.80

Two Rose Bowl tickets for Nick Larkspur 190.00

Printer cartridge (Use the Office Supplies account) 18.15 231.95

$339.25

The general ledger account Petty Cash has a balance of $345.

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

Reference no: EM133048962

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