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What the journal entry to reimburse the fund on December

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Question - Childers Company, which uses a perpetual inventory system, has an established petty cash fund in the amount of $500. The fund was last reimbursed on November 30. At the end of December, the fund contained the following petty cash receipts:

December 4 Freight charge for merchandise purchased $51

December 7 Delivery charge for shipping to customer $75

December 12 Purchase of office supplies $40

December 18 Donation to charitable organization $59

If, in addition to these receipts, the petty cash fund contains $262.75 of cash, what the journal entry to reimburse the fund on December 31?

Reference no: EM133064850

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