A company established a petty cash fund in February of the current year and experienced the following transactions affecting the fund during February:
The company uses a perpetual inventory system.Prepare the journal entry to reimburse the fund and to reduce its amount on February 28.

Question

A company established a petty cash fund in February of the current year and experienced the following transactions affecting the fund during February:
  The company uses a perpetual inventory system.Prepare the journal entry to reimburse the fund and to reduce its amount on February 28.

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The Answer of A company established a petty cash fund in February of the current year and experienced the following transactions affecting the fund during February:
  The company uses a perpetual inventory system.Prepare the journal entry to reimburse the fund and to reduce its amount on February 28.

A Company Established a Petty Cash Fund in February of the Current