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Record the journal entry for the setup of petty cash fund

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Question A.) A small company decides to set up a petty cash fund. A $100 check is drawn, cashed, and given to the petty cashier. Record the journal entry for the setup of this petty cash fund. (Account title, debit & credit)

Question B.) During the month the petty cashier made several payments from petty cash:

Delivery expense $71.62

Office expense $11.85

Misc. expense $7.63

A check was given to the petty cashier for the total amount of these expenses, the purpose of this check is to reimburse the petty cash fund. Record the journal entry for this transaction. (Account title, debit & credit)

Reference no: EM132687823

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