The petty cash fund of Western Glass Company contained the following items on November 30, 2018:

The petty cash fund was established on November 1, 2018, with a transfer of $250 from cash to the petty cash account.
Required:
Prepare the journal entries to establish the petty cash account and to replenish the fund at the end of November.

Question

The petty cash fund of Western Glass Company contained the following items on November 30, 2018:

The petty cash fund was established on November 1, 2018, with a transfer of $250 from cash to the petty cash account.
Required:
Prepare the journal entries to establish the petty cash account and to replenish the fund at the end of November.

Quizplus · Accepted Answer

The Answer of The petty cash fund of Western Glass Company contained the following items on November 30, 2018:

The petty cash fund was established on November 1, 2018, with a transfer of $250 from cash to the petty cash account.
Required:
Prepare the journal entries to establish the petty cash account and to replenish the fund at the end of November.

The Petty Cash Fund of Western Glass Company Contained the Following