Record the establishment of the petty cash fund

Reference no: EM131520077

Question: L. Jones Trucking Services establishes a petty cash fund on April 3 for $500. By the end of April, the fund has a cash balance of $72 and has receipts for the following items:

Utilities $125

Pizza delivery (entertainment) 34

Stamps 49

Plumbing repair services 220

Required: Record the establishment of the petty cash fund on April 3, the expenditures made during the month, and the replenishment of the fund on April 30.

Reference no: EM131520077

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