A company established a petty cash fund in February of the current year and experienced the following transactions affecting the fund during February: Prepare the journal entries to establish the find, 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:  Prepare the journal entries to establish the find, reimburse the fund and to reduce its amount on February 28.

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