A petty cash fund for $300 was established on May 1. By the end of the month, the petty cash custodian requested reimbursement of $222 for the following expenditures from the fund: Record the entries to a) establish the petty cash fund; b) replenish the fund as of the end of May and c) increase the fund balance to $500.

Question

A petty cash fund for $300 was established on May 1. By the end of the month, the petty cash custodian requested reimbursement of $222 for the following expenditures from the fund:  Record the entries to a) establish the petty cash fund; b) replenish the fund as of the end of May and c) increase the fund balance to $500.

Quizplus · Accepted Answer

The Answer of A petty cash fund for $300 was established on May 1. By the end of the month, the petty cash custodian requested reimbursement of $222 for the following expenditures from the fund:  Record the entries to a) establish the petty cash fund; b) replenish the fund as of the end of May and c) increase the fund balance to $500.

A Petty Cash Fund for $300 Was Established on May